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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 2024-05-09 View latest technical analysis

10 day averaged volume of Mm Forgings is 143229

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	1120.10	1176.35	1186.90	1112.40	0.49 times
08 Wed May 2024	1169.75	1151.60	1190.20	1134.90	0.643 times
07 Tue May 2024	1149.50	1132.95	1205.00	1132.95	1.202 times
06 Mon May 2024	1132.85	1130.40	1163.30	1090.10	0.81 times
03 Fri May 2024	1124.80	1114.65	1174.40	1113.05	0.933 times
02 Thu May 2024	1111.05	1155.00	1178.00	1098.05	0.956 times
30 Tue Apr 2024	1151.25	1180.00	1196.00	1143.00	0.658 times
29 Mon Apr 2024	1170.90	1160.05	1180.95	1143.00	0.808 times
26 Fri Apr 2024	1142.60	1079.90	1165.00	1060.90	2.911 times
25 Thu Apr 2024	1067.75	1060.00	1076.00	1048.15	0.433 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1153.8 as stoploss in an intra day sell trade for a target of 1046.33. However, stock will show a bullish move above 1153.8.

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	1071.8
Downside Intraday Target	1023.5
Upside Intraday Target	1186.7
Upside Intraday Target	1253.3
Upside Intraday Target	1138.4

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	1120.10	1130.40	1205.00	1090.10	0.938 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 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
09 Thu May 2024	1120.10	1155.00	1205.00	1090.10	0.252 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 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 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 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 losing momentum.

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

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 coming down

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

RSI is generating a BUY signal in short term but buying is losing 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 1138.15 and Mm Forgings (MMFL) stock is trading below this level. This means that stock is falling with high volumes. 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.