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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 2024-07-22 View latest technical analysis

10 day averaged volume of Mm Forgings is 151478

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	639.55	625.05	646.50	617.25	0.327 times
19 Fri Jul 2024	625.05	639.55	648.85	618.25	0.533 times
18 Thu Jul 2024	636.95	660.00	665.80	632.60	0.728 times
16 Tue Jul 2024	667.40	721.00	729.80	661.05	2.901 times
15 Mon Jul 2024	1368.40	1334.00	1403.95	1323.05	2.266 times
12 Fri Jul 2024	1313.75	1349.95	1365.00	1296.00	0.713 times
11 Thu Jul 2024	1337.35	1320.00	1347.25	1300.00	0.865 times
10 Wed Jul 2024	1296.50	1326.20	1328.00	1260.00	0.493 times
09 Tue Jul 2024	1314.90	1326.00	1328.90	1288.85	0.518 times
08 Mon Jul 2024	1297.05	1280.00	1317.00	1265.15	0.674 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 582.7, for a target of 892.3 or 1150.35

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	617.25
Upside Target	646.50
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	622.37
Downside Intraday Target	605.18
Upside Intraday Target	651.62
Upside Intraday Target	663.68
Downside Intraday Target	634.43

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	639.55	625.05	646.50	617.25	0.051 times
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

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
22 Mon Jul 2024	639.55	1245.90	1403.95	617.25	1.484 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 1031.24 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.