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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 2024-07-23 View latest technical analysis

10 day averaged volume of Mm Forgings is 151757

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	644.45	645.95	652.20	622.65	0.454 times
22 Mon Jul 2024	639.55	625.05	646.50	617.25	0.326 times
19 Fri Jul 2024	625.05	639.55	648.85	618.25	0.532 times
18 Thu Jul 2024	636.95	660.00	665.80	632.60	0.727 times
16 Tue Jul 2024	667.40	721.00	729.80	661.05	2.895 times
15 Mon Jul 2024	1368.40	1334.00	1403.95	1323.05	2.262 times
12 Fri Jul 2024	1313.75	1349.95	1365.00	1296.00	0.712 times
11 Thu Jul 2024	1337.35	1320.00	1347.25	1300.00	0.864 times
10 Wed Jul 2024	1296.50	1326.20	1328.00	1260.00	0.492 times
09 Tue Jul 2024	1314.90	1326.00	1328.90	1288.85	0.517 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 841.9, but if it comes above 841.9, then a intra day buy could be more profitable.
If you take a sell trade below 841.9, then use 841.9 as stoploss and 506 as target. However if you take a buy trade in stock , then use 841.9 as stoploss and 1121.82 as target.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	617.25
Upside Target	652.20
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	623.73
Downside Intraday Target	603.02
Upside Intraday Target	658.68
Upside Intraday Target	672.92
Downside Intraday Target	637.97

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	644.45	625.05	652.20	617.25	0.122 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
23 Tue Jul 2024	644.45	1245.90	1403.95	617.25	1.528 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, and volume has increased substantially. This means that the move can 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 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 losing 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

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 995.01 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.