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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 2024-06-11 View latest technical analysis

10 day averaged volume of Mm Forgings is 131801

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	1217.05	1229.00	1230.30	1207.65	0.384 times
10 Mon Jun 2024	1219.65	1194.00	1242.20	1192.15	0.455 times
07 Fri Jun 2024	1186.10	1175.00	1197.25	1160.00	0.383 times
06 Thu Jun 2024	1172.25	1129.95	1194.95	1129.95	0.658 times
05 Wed Jun 2024	1121.35	1057.00	1138.80	1045.00	0.818 times
04 Tue Jun 2024	1043.30	1187.00	1187.00	995.00	1.601 times
03 Mon Jun 2024	1178.00	1280.00	1280.00	1170.10	0.966 times
31 Fri May 2024	1206.25	1204.80	1222.95	1175.00	0.644 times
30 Thu May 2024	1198.45	1260.00	1287.70	1190.00	1.744 times
29 Wed May 2024	1269.55	1260.00	1294.00	1242.05	0.816 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 1225.2 as stoploss in an intra day sell trade for a target of 1168.87. However, stock will show a bullish move above 1225.2.

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
Downside Target	1163.95
Downside Target	1192.15
Downside Target	1196.00
Upside Target	1242.20
Upside Target	1280.00
Upside Target	1300.00

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	1192.07
Downside Intraday Target	1167.08
Upside Intraday Target	1242.12
Upside Intraday Target	1267.18
Upside Intraday Target	1217.13

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	1217.05	1194.00	1242.20	1192.15	0.189 times
07 Fri Jun 2024	1186.10	1280.00	1280.00	995.00	0.312 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

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
11 Tue Jun 2024	1217.05	1280.00	1280.00	995.00	0.232 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 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 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 neutral. A longer time frame might give a better analysis.

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.

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

Mm Forgings Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 1166.17 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 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.