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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 2024-07-31 View latest technical analysis

10 day averaged volume of Mm Forgings is 117731

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	597.40	609.10	615.00	594.20	0.971 times
30 Tue Jul 2024	608.20	615.00	616.85	598.00	1.158 times
29 Mon Jul 2024	609.25	623.95	625.00	601.10	1.318 times
26 Fri Jul 2024	624.00	621.55	637.15	620.10	0.597 times
25 Thu Jul 2024	628.95	626.70	638.75	625.05	0.288 times
24 Wed Jul 2024	636.50	649.95	650.00	631.60	0.277 times
23 Tue Jul 2024	644.45	645.95	652.20	622.65	0.586 times
22 Mon Jul 2024	639.55	625.05	646.50	617.25	0.42 times
19 Fri Jul 2024	625.05	639.55	648.85	618.25	0.686 times
18 Thu Jul 2024	636.95	660.00	665.80	632.60	0.937 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 595.7 as stoploss in an intra day buy trade for a target of 935.84. However, stock will show a bearish move below 595.7.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	594.20
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	586.07
Downside Intraday Target	574.73
Upside Intraday Target	616.87
Upside Intraday Target	636.33
Upside Intraday Target	605.53

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	597.40	623.95	625.00	594.20	1.591 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, 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
31 Wed Jul 2024	597.40	1245.90	1403.95	594.20	1.877 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 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 620.23 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.