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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 2024-05-07 View latest technical analysis

10 day averaged volume of Mm Forgings is 144013

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	1149.50	1132.95	1205.00	1132.95	1.196 times
06 Mon May 2024	1132.85	1130.40	1163.30	1090.10	0.806 times
03 Fri May 2024	1124.80	1114.65	1174.40	1113.05	0.928 times
02 Thu May 2024	1111.05	1155.00	1178.00	1098.05	0.951 times
30 Tue Apr 2024	1151.25	1180.00	1196.00	1143.00	0.654 times
29 Mon Apr 2024	1170.90	1160.05	1180.95	1143.00	0.803 times
26 Fri Apr 2024	1142.60	1079.90	1165.00	1060.90	2.896 times
25 Thu Apr 2024	1067.75	1060.00	1076.00	1048.15	0.43 times
24 Wed Apr 2024	1054.65	1055.00	1087.95	1048.00	0.643 times
23 Tue Apr 2024	1054.00	1038.20	1075.50	1038.20	0.626 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1132, but if it comes below 1132, then a intra day sell could be more profitable.
If you take a sell trade below 1132, then use 1132 as stoploss and 1019.79 as target. However if you take a buy trade in stock , then use 1132 as stoploss and 1266.7 as target.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	842.55
Downside Target	887.45
Downside Target	911.95
Downside Target	957.45
Downside Target	1014.60
Downside Target	1087.00
Downside Target	1090.10
Downside Target	1098.05
Upside Target	1165.00
Upside Target	1196.00
Upside Target	1205.00

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	1091.4
Downside Intraday Target	1033.3
Upside Intraday Target	1206.3
Upside Intraday Target	1263.1
Downside Intraday Target	1148.2

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	1149.50	1130.40	1205.00	1090.10	0.6 times
03 Fri May 2024	1124.80	1160.05	1196.00	1098.05	0.569 times
26 Fri Apr 2024	1142.60	1080.00	1165.00	1030.50	0.604 times
19 Fri Apr 2024	1057.75	861.50	1087.00	842.55	10.234 times
12 Fri Apr 2024	861.50	879.35	887.45	858.00	0.507 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
07 Tue May 2024	1149.50	1155.00	1205.00	1090.10	0.196 times
30 Tue Apr 2024	1151.25	876.00	1196.00	842.55	3.581 times
28 Thu Mar 2024	874.60	952.25	957.45	854.50	0.437 times
29 Thu Feb 2024	950.20	922.40	1019.00	848.00	2.334 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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

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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Mm Forgings in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mm Forgings in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 1126.29 and Mm Forgings (MMFL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.