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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 2024-08-06 View latest technical analysis

10 day averaged volume of Mm Forgings is 92702

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	551.35	564.00	575.15	549.50	0.736 times
05 Mon Aug 2024	564.05	557.00	578.10	554.45	1.186 times
02 Fri Aug 2024	588.35	587.00	598.45	581.20	0.929 times
01 Thu Aug 2024	586.15	597.00	606.00	583.05	1.287 times
31 Wed Jul 2024	597.40	609.10	615.00	594.20	1.233 times
30 Tue Jul 2024	608.20	615.00	616.85	598.00	1.471 times
29 Mon Jul 2024	609.25	623.95	625.00	601.10	1.674 times
26 Fri Jul 2024	624.00	621.55	637.15	620.10	0.758 times
25 Thu Jul 2024	628.95	626.70	638.75	625.05	0.365 times
24 Wed Jul 2024	636.50	649.95	650.00	631.60	0.352 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 482.1 as stoploss in an intra day buy trade for a target of 791.93. However, stock will show a bearish move below 482.1.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	549.50
Upside Target	578.10
Upside Target	594.20
Upside Target	652.20
Upside Target	842.55
Upside Target	995.00
Upside Target	1090.10
Upside Target	1196.00
Upside Target	1260.00
Upside Target	1280.00
Upside Target	1300.00
Upside Target	1365.00
Upside Target	1403.95

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	541.2
Downside Intraday Target	531.05
Upside Intraday Target	569.8
Upside Intraday Target	588.25
Upside Intraday Target	559.65

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	551.35	557.00	578.10	549.50	0.292 times
02 Fri Aug 2024	588.35	623.95	625.00	581.20	2.395 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

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
06 Tue Aug 2024	551.35	597.00	606.00	549.50	0.131 times
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

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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 595.88 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.