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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 2024-02-07 View latest technical analysis

10 day averaged volume of Mm Forgings is 48090

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	920.15	915.55	925.00	912.55	1.115 times
06 Tue Feb 2024	913.70	920.00	923.00	909.00	0.793 times
05 Mon Feb 2024	919.00	933.50	940.00	915.00	1.004 times
02 Fri Feb 2024	929.60	924.40	934.80	920.20	3.716 times
01 Thu Feb 2024	919.65	922.40	922.40	910.05	0.403 times
31 Wed Jan 2024	919.70	919.30	934.00	915.40	0.805 times
30 Tue Jan 2024	914.70	924.35	924.95	911.95	0.607 times
29 Mon Jan 2024	924.35	920.95	929.20	915.05	0.47 times
25 Thu Jan 2024	920.45	925.50	932.90	915.00	0.615 times
24 Wed Jan 2024	922.75	924.00	950.00	920.00	0.611 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 915.7 as stoploss in an intra day buy trade for a target of 945.26. However, stock will show a bearish move below 915.7.

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	906.1
Downside Intraday Target	892.05
Upside Intraday Target	937.1
Upside Intraday Target	954.05
Upside Intraday Target	923.05

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	920.15	933.50	940.00	909.00	0.485 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
07 Wed Feb 2024	920.15	922.40	940.00	909.00	0.433 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 red color and prices are below the red 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

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 922.98 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.