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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 2024-02-06 View latest technical analysis

10 day averaged volume of Mm Forgings is 46175

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	913.70	920.00	923.00	909.00	0.826 times
05 Mon Feb 2024	919.00	933.50	940.00	915.00	1.046 times
02 Fri Feb 2024	929.60	924.40	934.80	920.20	3.87 times
01 Thu Feb 2024	919.65	922.40	922.40	910.05	0.42 times
31 Wed Jan 2024	919.70	919.30	934.00	915.40	0.838 times
30 Tue Jan 2024	914.70	924.35	924.95	911.95	0.632 times
29 Mon Jan 2024	924.35	920.95	929.20	915.05	0.489 times
25 Thu Jan 2024	920.45	925.50	932.90	915.00	0.641 times
24 Wed Jan 2024	922.75	924.00	950.00	920.00	0.636 times
23 Tue Jan 2024	924.00	973.65	973.65	912.55	1.017 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 918.1, but if it comes above 918.1, then a intra day buy could be more profitable.
If you take a sell trade below 918.1, then use 918.1 as stoploss and 881 as target. However if you take a buy trade in stock , then use 918.1 as stoploss and 949.04 as target.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	825.00
Downside Target	851.25
Downside Target	909.00
Upside Target	940.00
Upside Target	957.30
Upside Target	982.00
Upside Target	985.00
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	901.8
Downside Intraday Target	889.9
Upside Intraday Target	932.8
Upside Intraday Target	951.9
Upside Intraday Target	920.9

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	913.70	933.50	940.00	909.00	0.3 times
02 Fri Feb 2024	929.60	920.95	934.80	910.05	2.31 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

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
06 Tue Feb 2024	913.70	922.40	940.00	909.00	0.364 times
31 Wed Jan 2024	919.70	974.90	1014.60	911.95	0.337 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

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 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 SELL. Signal strength is Weak 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 getting stronger in this stock.

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

CCI has generated a SELL signal for Mm Forgings in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 923.4 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 negative.

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