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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 2024-01-15 View latest technical analysis

10 day averaged volume of Mm Forgings is 40871

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	988.35	998.00	999.85	983.40	0.496 times
12 Fri Jan 2024	993.05	1003.90	1014.60	982.00	1.757 times
11 Thu Jan 2024	1000.45	998.00	1014.60	989.95	1.199 times
10 Wed Jan 2024	992.65	998.00	1002.00	983.00	0.6 times
09 Tue Jan 2024	995.60	995.00	1002.55	986.00	0.685 times
08 Mon Jan 2024	991.65	1004.00	1008.00	983.35	1.107 times
05 Fri Jan 2024	985.10	987.00	988.50	972.00	0.783 times
04 Thu Jan 2024	982.05	985.00	994.95	978.00	0.78 times
03 Wed Jan 2024	975.70	979.75	990.95	960.55	0.633 times
02 Tue Jan 2024	984.80	965.00	992.45	960.05	1.308 times

My analysis of stock is bearish for shortterm, and stock might move down till 978.5 or till 959.2. Use a stoploss of 994.55 and if the stock hits stoploss, then it can shoot up till 1010.63

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	825.00
Downside Target	851.25
Downside Target	924.00
Downside Target	982.00
Downside Target	988.00
Upside Target	999.40
Upside Target	999.85
Upside Target	1014.60
Upside Target	1047.85
Upside Target	1050.10

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	981.22
Downside Intraday Target	974.08
Upside Intraday Target	997.67
Upside Intraday Target	1006.98
Upside Intraday Target	990.53

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	988.35	998.00	999.85	983.40	0.093 times
12 Fri Jan 2024	993.05	1004.00	1014.60	982.00	1.15 times
05 Fri Jan 2024	985.10	974.90	999.40	960.05	0.693 times
29 Fri Dec 2023	967.65	1023.60	1050.10	962.00	0.196 times
22 Fri Dec 2023	1023.60	944.00	1047.85	940.00	2.931 times

Price has moved down 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
15 Mon Jan 2024	988.35	974.90	1014.60	960.05	0.185 times
29 Fri Dec 2023	967.65	879.80	1050.10	851.25	4.258 times
30 Thu Nov 2023	877.00	869.05	957.30	855.00	1.299 times
31 Tue Oct 2023	869.95	880.00	924.00	825.00	0.555 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mm Forgings ( (MMFL) ) based on a short to mid 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.

Price action analysis of Mm Forgings ( (MMFL) ) based on a mid to longer 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.

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

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

Mm Forgings Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mm Forgings in short term but SELL signal is weak.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 989.83 and Mm Forgings (MMFL) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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