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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 2024-10-08 View latest technical analysis

10 day averaged volume of Mm Forgings is 42929

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	555.50	559.10	564.75	543.35	2.548 times
07 Mon Oct 2024	558.60	581.60	585.15	552.00	1.193 times
04 Fri Oct 2024	581.60	583.15	597.50	573.50	0.863 times
03 Thu Oct 2024	580.05	591.05	595.00	574.05	0.818 times
01 Tue Oct 2024	594.15	603.85	604.70	590.00	0.746 times
30 Mon Sep 2024	599.95	583.00	609.00	575.00	1.14 times
27 Fri Sep 2024	583.35	588.90	594.00	579.35	0.756 times
26 Thu Sep 2024	586.40	586.20	592.95	582.70	0.606 times
25 Wed Sep 2024	588.00	596.90	602.75	585.55	1.347 times
24 Tue Sep 2024	593.90	598.90	602.85	591.35	0.996 times

Stock of Mm Forgings (MMFL) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 552.6, for a target of 569.2 or 583.04

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	522.70
Downside Target	543.35
Upside Target	573.50
Upside Target	604.70
Upside Target	609.00
Upside Target	610.00
Upside Target	618.80
Upside Target	995.00
Upside Target	1280.00
Upside Target	1403.95

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	537.52
Downside Intraday Target	519.53
Upside Intraday Target	579.32
Upside Intraday Target	603.13
Upside Intraday Target	561.33

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	555.50	581.60	585.15	543.35	1.049 times
04 Fri Oct 2024	581.60	583.00	609.00	573.50	0.681 times
27 Fri Sep 2024	583.35	595.00	602.85	579.35	0.713 times
20 Fri Sep 2024	589.85	578.30	610.00	578.00	0.659 times
13 Fri Sep 2024	578.30	583.40	598.80	522.70	2.543 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
08 Tue Oct 2024	555.50	603.85	604.70	543.35	0.211 times
30 Mon Sep 2024	599.95	603.00	610.00	522.70	0.641 times
30 Fri Aug 2024	596.55	597.00	618.80	532.00	0.672 times
31 Wed Jul 2024	597.40	1245.90	1403.95	594.20	1.877 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 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.

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 green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining 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 577.98 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.