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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 2024-01-18 View latest technical analysis

10 day averaged volume of Mm Forgings is 40011

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	962.30	960.25	974.80	932.40	0.632 times
17 Wed Jan 2024	958.70	950.00	965.20	940.70	0.748 times
16 Tue Jan 2024	955.30	993.00	993.00	948.05	1.686 times
15 Mon Jan 2024	988.35	998.00	999.85	983.40	0.506 times
12 Fri Jan 2024	993.05	1003.90	1014.60	982.00	1.794 times
11 Thu Jan 2024	1000.45	998.00	1014.60	989.95	1.225 times
10 Wed Jan 2024	992.65	998.00	1002.00	983.00	0.613 times
09 Tue Jan 2024	995.60	995.00	1002.55	986.00	0.7 times
08 Mon Jan 2024	991.65	1004.00	1008.00	983.35	1.131 times
05 Fri Jan 2024	985.10	987.00	988.50	972.00	0.799 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 968.7, but if it comes above 968.7, then a intra day buy could be more profitable.
If you take a sell trade below 968.7, then use 968.7 as stoploss and 944.9 as target. However if you take a buy trade in stock , then use 968.7 as stoploss and 988.55 as target.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	825.00
Downside Target	851.25
Downside Target	924.00
Upside Target	982.00
Upside 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	929.85
Downside Intraday Target	897.4
Upside Intraday Target	997.3
Upside Intraday Target	1032.3
Upside Intraday Target	964.85

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	962.30	998.00	999.85	932.40	0.654 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
18 Thu Jan 2024	962.30	974.90	1014.60	932.40	0.238 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 down 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 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 982.02 and Mm Forgings (MMFL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.