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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 2024-06-05 View latest technical analysis

10 day averaged volume of Mm Forgings is 235117

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	1121.35	1057.00	1138.80	1045.00	0.459 times
04 Tue Jun 2024	1043.30	1187.00	1187.00	995.00	0.898 times
03 Mon Jun 2024	1178.00	1280.00	1280.00	1170.10	0.541 times
31 Fri May 2024	1206.25	1204.80	1222.95	1175.00	0.361 times
30 Thu May 2024	1198.45	1260.00	1287.70	1190.00	0.978 times
29 Wed May 2024	1269.55	1260.00	1294.00	1242.05	0.458 times
28 Tue May 2024	1263.25	1272.40	1290.00	1243.00	1.073 times
27 Mon May 2024	1253.20	1222.00	1300.00	1203.35	5.072 times
24 Fri May 2024	1127.35	1139.95	1142.95	1122.00	0.125 times
23 Thu May 2024	1139.75	1138.95	1167.60	1135.50	0.131 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 1102 as stoploss in an intra day buy trade for a target of 1156.56. However, stock will show a bearish move below 1102.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	842.55
Downside Target	957.45
Downside Target	995.00
Downside Target	1019.00
Downside Target	1090.10
Upside Target	1163.95
Upside Target	1179.95
Upside Target	1196.00
Upside Target	1205.00
Upside Target	1280.00
Upside Target	1300.00

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	984.23
Downside Intraday Target	847.12
Upside Intraday Target	1269.23
Upside Intraday Target	1417.12
Upside Intraday Target	1132.12

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	1121.35	1280.00	1280.00	995.00	0.239 times
31 Fri May 2024	1206.25	1222.00	1300.00	1175.00	10.756 times
24 Fri May 2024	1127.35	1119.00	1179.95	1111.05	0.871 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

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
05 Wed Jun 2024	1121.35	1280.00	1280.00	995.00	0.149 times
31 Fri May 2024	1206.25	1155.00	1300.00	1090.10	1.048 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

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 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 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 but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 SELL signal in short term but selling 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 1216.31 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.