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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 2024-05-21 View latest technical analysis

10 day averaged volume of Mm Forgings is 56805

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	1129.90	1119.00	1138.00	1111.05	0.491 times
18 Sat May 2024	1121.55	1130.00	1142.95	1106.10	0.165 times
17 Fri May 2024	1127.25	1134.00	1144.00	1119.95	0.752 times
16 Thu May 2024	1126.90	1135.65	1163.95	1120.45	0.623 times
15 Wed May 2024	1139.00	1146.80	1150.60	1133.30	0.69 times
14 Tue May 2024	1143.65	1148.60	1161.60	1136.00	0.618 times
13 Mon May 2024	1142.60	1142.40	1153.35	1105.65	0.66 times
10 Fri May 2024	1142.40	1127.35	1149.95	1117.25	0.604 times
09 Thu May 2024	1120.10	1176.35	1186.90	1112.40	1.236 times
08 Wed May 2024	1169.75	1151.60	1190.20	1134.90	1.62 times

My analysis of stock is bullish for shortterm, and stock might move up till 1158.1 or till 1196.4. Use a stoploss of 1126.12 and if this stock hits its stoploss, then it can fall down till 1094.16

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	842.55
Downside Target	911.95
Downside Target	957.45
Downside Target	1014.60
Downside Target	1090.10
Upside Target	1138.00
Upside Target	1163.95
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	1114.63
Downside Intraday Target	1099.37
Upside Intraday Target	1141.58
Upside Intraday Target	1153.27
Downside Intraday Target	1126.32

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	1129.90	1119.00	1138.00	1111.05	0.14 times
18 Sat May 2024	1121.55	1142.40	1163.95	1105.65	0.411 times
10 Fri May 2024	1142.40	1130.40	1205.00	1090.10	1.009 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

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
21 Tue May 2024	1129.90	1155.00	1205.00	1090.10	0.344 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 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 BUY. Signal strength is Weak and stock is losing momentum.

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

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 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 but BUY signal is weak.

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 1140.35 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.