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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 2024-07-29 View latest technical analysis

10 day averaged volume of Mm Forgings is 133699

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	609.25	623.95	625.00	601.10	1.161 times
26 Fri Jul 2024	624.00	621.55	637.15	620.10	0.526 times
25 Thu Jul 2024	628.95	626.70	638.75	625.05	0.253 times
24 Wed Jul 2024	636.50	649.95	650.00	631.60	0.244 times
23 Tue Jul 2024	644.45	645.95	652.20	622.65	0.516 times
22 Mon Jul 2024	639.55	625.05	646.50	617.25	0.37 times
19 Fri Jul 2024	625.05	639.55	648.85	618.25	0.604 times
18 Thu Jul 2024	636.95	660.00	665.80	632.60	0.825 times
16 Tue Jul 2024	667.40	721.00	729.80	661.05	3.286 times
15 Mon Jul 2024	1368.40	1334.00	1403.95	1323.05	2.567 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 669.3, but if it comes above 669.3, then a intra day buy could be more profitable.
If you take a sell trade below 669.3, then use 669.3 as stoploss and 266.9 as target. However if you take a buy trade in stock , then use 669.3 as stoploss and 1004.63 as target.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	601.10
Upside 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	1196.00
Upside Target	1234.15
Upside Target	1260.00
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	598.57
Downside Intraday Target	587.88
Upside Intraday Target	622.47
Upside Intraday Target	635.68
Upside Intraday Target	611.78

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	609.25	623.95	625.00	601.10	0.608 times
26 Fri Jul 2024	624.00	625.05	652.20	617.25	0.262 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

Price has moved down 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
29 Mon Jul 2024	609.25	1245.90	1403.95	601.10	1.716 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 neutral. A longer time frame might give a better analysis.

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 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 823.81 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.