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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 2024-07-19 View latest technical analysis

10 day averaged volume of Mm Forgings is 148945

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	625.05	639.55	648.85	618.25	0.542 times
18 Thu Jul 2024	636.95	660.00	665.80	632.60	0.741 times
16 Tue Jul 2024	667.40	721.00	729.80	661.05	2.95 times
15 Mon Jul 2024	1368.40	1334.00	1403.95	1323.05	2.305 times
12 Fri Jul 2024	1313.75	1349.95	1365.00	1296.00	0.725 times
11 Thu Jul 2024	1337.35	1320.00	1347.25	1300.00	0.88 times
10 Wed Jul 2024	1296.50	1326.20	1328.00	1260.00	0.501 times
09 Tue Jul 2024	1314.90	1326.00	1328.90	1288.85	0.527 times
08 Mon Jul 2024	1297.05	1280.00	1317.00	1265.15	0.685 times
05 Fri Jul 2024	1271.00	1290.40	1294.95	1267.50	0.313 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 672.7, for a target of 948.7 or 1178.65

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	618.25
Upside Target	842.55
Upside Target	957.45
Upside Target	995.00
Upside Target	1090.10
Upside Target	1182.25
Upside Target	1234.15
Upside Target	1280.00
Upside Target	1300.00
Upside Target	1352.00
Upside Target	1365.00
Upside Target	1403.95

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	360.88
Downside Intraday Target	96.72
Upside Intraday Target	1146.58
Upside Intraday Target	1668.12
Upside Intraday Target	882.42

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	625.05	1334.00	1403.95	618.25	1.97 times
12 Fri Jul 2024	1313.75	1280.00	1365.00	1260.00	0.626 times
05 Fri Jul 2024	1271.00	1245.90	1352.00	1234.15	2.123 times
28 Fri Jun 2024	1237.75	1208.00	1250.00	1182.25	1.194 times
21 Fri Jun 2024	1205.55	1215.00	1265.00	1183.05	1.082 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mm Forgings (MMFL)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	625.05	1245.90	1403.95	618.25	1.452 times
28 Fri Jun 2024	1237.75	1280.00	1280.00	995.00	0.519 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

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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mm Forgings ( (MMFL) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mm Forgings stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mm Forgings in short term and SELL 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 1051.42 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.