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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 2024-11-12 View latest technical analysis

10 day averaged volume of Mm Forgings is 33641

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	455.10	464.00	468.00	453.85	0.999 times
11 Mon Nov 2024	464.00	482.00	482.00	462.25	0.748 times
08 Fri Nov 2024	475.40	483.25	483.25	473.15	0.873 times
07 Thu Nov 2024	482.05	483.45	486.75	479.05	1.276 times
06 Wed Nov 2024	479.95	490.20	491.05	479.10	1.797 times
05 Tue Nov 2024	487.55	482.55	495.60	480.35	1.091 times
04 Mon Nov 2024	489.90	502.05	502.45	481.05	1.227 times
01 Fri Nov 2024	496.45	489.00	498.95	489.00	0.257 times
31 Thu Oct 2024	487.45	490.00	492.00	485.10	0.556 times
30 Wed Oct 2024	487.30	491.70	503.35	485.00	1.315 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 473.3, but if it comes above 473.3, then a intra day buy could be more profitable.
If you take a sell trade below 473.3, then use 473.3 as stoploss and 442.3 as target. However if you take a buy trade in stock , then use 473.3 as stoploss and 499.11 as target.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	453.85
Upside Target	473.15
Upside Target	502.45
Upside Target	522.70
Upside Target	532.00
Upside Target	546.45
Upside Target	578.00
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	445.3
Downside Intraday Target	435.5
Upside Intraday Target	473.45
Upside Intraday Target	491.8
Upside Intraday Target	463.65

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	455.10	482.00	482.00	453.85	0.279 times
08 Fri Nov 2024	475.40	502.05	502.45	473.15	1.317 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

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
12 Tue Nov 2024	455.10	489.00	502.45	453.85	0.302 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 SELL signal for Mm Forgings in short term and the sell signal is strong.

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 but buying 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 480 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.