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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 2024-01-29 View latest technical analysis

10 day averaged volume of Mm Forgings is 35435

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	924.35	920.95	929.20	915.05	0.638 times
25 Thu Jan 2024	920.45	925.50	932.90	915.00	0.835 times
24 Wed Jan 2024	922.75	924.00	950.00	920.00	0.829 times
23 Tue Jan 2024	924.00	973.65	973.65	912.55	1.325 times
22 Mon Jan 2024	968.80	959.00	985.00	953.50	0.536 times
19 Fri Jan 2024	957.60	964.80	967.70	955.00	0.414 times
18 Thu Jan 2024	962.30	960.25	974.80	932.40	0.714 times
17 Wed Jan 2024	958.70	950.00	965.20	940.70	0.845 times
16 Tue Jan 2024	955.30	993.00	993.00	948.05	1.904 times
15 Mon Jan 2024	988.35	998.00	999.85	983.40	0.572 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 942.1, but if it comes above 942.1, then a intra day buy could be more profitable.
If you take a sell trade below 942.1, then use 942.1 as stoploss and 910.9 as target. However if you take a buy trade in stock , then use 942.1 as stoploss and 968.06 as target.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	825.00
Downside Target	851.25
Downside Target	912.55
Upside Target	957.30
Upside Target	982.00
Upside Target	985.00
Upside Target	988.00
Upside Target	999.40
Upside Target	999.85
Upside Target	1014.60
Upside Target	1050.10

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	916.53
Downside Intraday Target	908.72
Upside Intraday Target	930.68
Upside Intraday Target	937.02
Downside Intraday Target	922.87

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	924.35	920.95	929.20	915.05	0.181 times
25 Thu Jan 2024	920.45	959.00	985.00	912.55	0.792 times
19 Fri Jan 2024	957.60	998.00	999.85	932.40	0.721 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

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
29 Mon Jan 2024	924.35	974.90	1014.60	912.55	0.308 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 Strong and stock is gaining momentum.

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

Mm Forgings Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 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 945.74 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.