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(MMFL) Mm Forgings complete technical analysis [charts+indicators] | Buy/Sell Mm Forgings | (MMFL) share price targets

Complete technical analysis of Mm Forgings (MMFL) by charts plus indicators, forecast predictions and share price targets for Mm Forgings (MMFL)

Mm Forgings trades in NSE in Other Industrial Products sector.

Showing technical analysis as on 2024-12-04 View latest technical analysis

10 day averaged volume of Mm Forgings is 49904

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	527.05	503.20	530.00	503.20	1.811 times
03 Tue Dec 2024	503.20	495.65	509.70	495.30	0.527 times
02 Mon Dec 2024	497.30	499.70	501.95	493.05	0.423 times
29 Fri Nov 2024	500.80	508.00	509.80	498.00	0.399 times
28 Thu Nov 2024	506.85	509.80	519.00	500.00	1.559 times
27 Wed Nov 2024	505.25	461.40	514.00	459.30	3.83 times
26 Tue Nov 2024	459.60	461.45	465.50	452.20	0.44 times
25 Mon Nov 2024	461.45	464.20	464.20	454.05	0.384 times
22 Fri Nov 2024	458.70	469.00	470.95	455.00	0.44 times
21 Thu Nov 2024	468.20	470.55	470.55	447.80	0.778 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 529.2, for a target of 500.4 or 476.31

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	429.40
Downside Target	452.20
Downside Target	473.15
Downside Target	493.05
Downside Target	519.00
Downside Target	522.70
Upside Target	530.00
Upside Target	532.00
Upside Target	604.70
Upside Target	610.00
Upside Target	618.80

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	503.4
Downside Intraday Target	479.75
Upside Intraday Target	540.35
Upside Intraday Target	553.65
Downside Intraday Target	516.7

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	527.05	499.70	530.00	493.05	0.417 times
29 Fri Nov 2024	500.80	464.20	519.00	452.20	1.977 times
22 Fri Nov 2024	458.70	440.00	479.45	430.00	1.001 times
14 Thu Nov 2024	439.90	482.00	482.00	429.40	0.791 times
08 Fri Nov 2024	475.40	502.05	502.45	473.15	1.317 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mm Forgings (MMFL)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	527.05	499.70	530.00	493.05	0.156 times
29 Fri Nov 2024	500.80	489.00	519.00	429.40	0.957 times
31 Thu Oct 2024	487.45	603.85	604.70	480.00	0.734 times
30 Mon Sep 2024	599.95	603.00	610.00	522.70	0.641 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mm Forgings (MMFL)

Price action analysis of Mm Forgings ( (MMFL) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mm Forgings ( (MMFL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mm Forgings ( (MMFL) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mm Forgings ( (MMFL) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mm Forgings stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mm Forgings in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mm Forgings Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mm Forgings in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mm Forgings is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 500.48 and Mm Forgings (MMFL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Mm Forgings (MMFL) stock. Volume based technical analysis of Mm Forgings (MMFL) stock is negative.

Mm Forgings Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.