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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 2024-08-27 View latest technical analysis

10 day averaged volume of Mm Forgings is 110897

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	579.40	595.15	598.00	578.05	0.962 times
26 Mon Aug 2024	595.10	611.10	611.10	592.00	0.543 times
23 Fri Aug 2024	606.85	596.20	618.80	596.20	0.798 times
22 Thu Aug 2024	598.80	607.50	609.00	595.10	0.279 times
21 Wed Aug 2024	604.35	596.10	609.00	592.05	0.567 times
20 Tue Aug 2024	596.10	597.50	603.90	592.00	0.449 times
19 Mon Aug 2024	598.25	600.25	604.85	592.55	0.651 times
16 Fri Aug 2024	596.65	566.00	599.00	559.95	3.008 times
14 Wed Aug 2024	567.50	540.00	570.50	538.10	1.479 times
13 Tue Aug 2024	536.50	578.90	578.90	532.00	1.548 times

My analysis of stock is bearish for shortterm, and stock might move down till 559.7 or till 534.3. Use a stoploss of 580.95 and if the stock hits stoploss, then it can shoot up till 602.17

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	532.00
Downside Target	544.10
Downside Target	578.05
Upside Target	611.10
Upside Target	625.00
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	567.93
Downside Intraday Target	556.47
Upside Intraday Target	600.98
Upside Intraday Target	622.57
Upside Intraday Target	589.52

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	579.40	611.10	611.10	578.05	0.549 times
23 Fri Aug 2024	606.85	600.25	618.80	592.00	0.409 times
16 Fri Aug 2024	596.65	567.00	599.00	532.00	1.943 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

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
27 Tue Aug 2024	579.40	597.00	618.80	532.00	0.618 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 to mid 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.

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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 583.06 and Mm Forgings (MMFL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.