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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 2024-11-06 View latest technical analysis

10 day averaged volume of Mm Forgings is 34518

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	479.95	490.20	491.05	479.10	1.751 times
05 Tue Nov 2024	487.55	482.55	495.60	480.35	1.063 times
04 Mon Nov 2024	489.90	502.05	502.45	481.05	1.196 times
01 Fri Nov 2024	496.45	489.00	498.95	489.00	0.25 times
31 Thu Oct 2024	487.45	490.00	492.00	485.10	0.542 times
30 Wed Oct 2024	487.30	491.70	503.35	485.00	1.281 times
29 Tue Oct 2024	488.70	506.35	506.35	485.00	0.84 times
28 Mon Oct 2024	506.35	487.15	509.50	480.00	1.723 times
25 Fri Oct 2024	491.55	498.90	503.95	483.25	1.093 times
24 Thu Oct 2024	503.95	510.15	512.00	499.60	1.217 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 486.7, but if it comes above 486.7, then a intra day buy could be more profitable.
If you take a sell trade below 486.7, then use 486.7 as stoploss and 447.7 as target. However if you take a buy trade in stock , then use 486.7 as stoploss and 519.18 as target.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	479.10
Upside Target	502.45
Upside Target	522.70
Upside Target	543.35
Upside Target	546.45
Upside Target	578.00
Upside Target	585.15
Upside Target	594.20
Upside Target	604.70
Upside Target	610.00
Upside Target	618.80
Upside Target	1403.95

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	471.88
Downside Intraday Target	463.82
Upside Intraday Target	495.23
Upside Intraday Target	510.52
Upside Intraday Target	487.17

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	479.95	502.05	502.45	479.10	0.865 times
01 Fri Nov 2024	496.45	487.15	509.50	480.00	0.714 times
25 Fri Oct 2024	491.55	544.00	546.45	483.25	1.086 times
18 Fri Oct 2024	540.65	570.10	578.00	530.10	0.875 times
11 Fri Oct 2024	571.25	581.60	585.15	543.35	1.541 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 Wed Nov 2024	479.95	489.00	502.45	479.10	0.159 times
31 Thu Oct 2024	487.45	603.85	604.70	480.00	0.734 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

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.

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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Mm Forgings is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 492.03 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.