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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 2024-08-14 View latest technical analysis

10 day averaged volume of Mm Forgings is 94965

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	567.50	540.00	570.50	538.10	1.727 times
13 Tue Aug 2024	536.50	578.90	578.90	532.00	1.808 times
12 Mon Aug 2024	575.10	567.00	579.00	560.85	0.791 times
09 Fri Aug 2024	567.00	550.00	574.70	548.20	1.053 times
08 Thu Aug 2024	545.95	555.90	561.95	544.10	0.518 times
07 Wed Aug 2024	555.90	551.35	563.00	546.95	0.587 times
06 Tue Aug 2024	551.35	564.00	575.15	549.50	0.719 times
05 Mon Aug 2024	564.05	557.00	578.10	554.45	1.158 times
02 Fri Aug 2024	588.35	587.00	598.45	581.20	0.907 times
01 Thu Aug 2024	586.15	597.00	606.00	583.05	1.256 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 560.2 as stoploss in an intra day buy trade for a target of 594.41. However, stock will show a bearish move below 560.2.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	532.00
Downside Target	544.10
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	1280.00
Upside Target	1300.00
Upside Target	1403.95

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	540
Downside Intraday Target	512.5
Upside Intraday Target	587
Upside Intraday Target	606.5
Downside Intraday Target	559.5

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	567.50	567.00	579.00	532.00	1.072 times
09 Fri Aug 2024	567.00	557.00	578.10	544.10	0.627 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

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
14 Wed Aug 2024	567.50	597.00	606.00	532.00	0.342 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mm Forgings ( (MMFL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Mm Forgings in short term but the buy signal is initial and weak.

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

Mm Forgings Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 563.53 and Mm Forgings (MMFL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.