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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 2024-07-24 View latest technical analysis

10 day averaged volume of Mm Forgings is 148447

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	636.50	649.95	650.00	631.60	0.22 times
23 Tue Jul 2024	644.45	645.95	652.20	622.65	0.464 times
22 Mon Jul 2024	639.55	625.05	646.50	617.25	0.333 times
19 Fri Jul 2024	625.05	639.55	648.85	618.25	0.544 times
18 Thu Jul 2024	636.95	660.00	665.80	632.60	0.743 times
16 Tue Jul 2024	667.40	721.00	729.80	661.05	2.96 times
15 Mon Jul 2024	1368.40	1334.00	1403.95	1323.05	2.312 times
12 Fri Jul 2024	1313.75	1349.95	1365.00	1296.00	0.728 times
11 Thu Jul 2024	1337.35	1320.00	1347.25	1300.00	0.883 times
10 Wed Jul 2024	1296.50	1326.20	1328.00	1260.00	0.503 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 795, but if it comes above 795, then a intra day buy could be more profitable.
If you take a sell trade below 795, then use 795 as stoploss and 437.1 as target. However if you take a buy trade in stock , then use 795 as stoploss and 1093.21 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	618.43
Downside Intraday Target	600.37
Upside Intraday Target	653.38
Upside Intraday Target	670.27
Downside Intraday Target	635.32

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	636.50	625.05	652.20	617.25	0.155 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
24 Wed Jul 2024	636.50	1245.90	1403.95	617.25	1.549 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 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 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 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 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 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 969.42 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.