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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 2024-12-24 View latest technical analysis

10 day averaged volume of Mm Forgings is 91181

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	487.95	480.25	490.80	480.25	0.279 times
23 Mon Dec 2024	481.95	483.00	492.00	478.80	0.532 times
20 Fri Dec 2024	483.00	512.00	514.80	480.45	1.138 times
19 Thu Dec 2024	509.85	528.90	530.05	507.50	0.549 times
18 Wed Dec 2024	529.45	552.80	555.45	526.00	0.485 times
17 Tue Dec 2024	545.80	562.45	566.00	542.00	0.476 times
16 Mon Dec 2024	561.05	555.00	575.25	545.55	1.388 times
13 Fri Dec 2024	549.95	540.55	572.00	531.00	2.96 times
12 Thu Dec 2024	540.55	560.00	560.00	535.00	0.379 times
11 Wed Dec 2024	555.20	560.50	560.50	549.40	0.379 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 497.4, but if it comes above 497.4, then a intra day buy could be more profitable.
If you take a sell trade below 497.4, then use 497.4 as stoploss and 465.5 as target. However if you take a buy trade in stock , then use 497.4 as stoploss and 524 as target.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	429.40
Downside Target	452.20
Downside Target	478.80
Upside Target	492.00
Upside Target	519.00
Upside Target	573.35
Upside Target	575.25
Upside Target	582.00
Upside Target	604.70
Upside Target	610.00
Upside Target	618.80

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	480.5
Downside Intraday Target	473.05
Upside Intraday Target	493.7
Upside Intraday Target	499.45
Downside Intraday Target	486.25

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	487.95	483.00	492.00	478.80	0.201 times
20 Fri Dec 2024	483.00	555.00	575.25	480.45	0.698 times
13 Fri Dec 2024	549.95	540.00	573.35	531.00	0.687 times
06 Fri Dec 2024	542.35	499.70	582.00	493.05	2.324 times
29 Fri Nov 2024	500.80	464.20	519.00	452.20	1.977 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
24 Tue Dec 2024	487.95	499.70	582.00	478.80	1.966 times
29 Fri Nov 2024	500.80	489.00	519.00	429.40	0.957 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

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 Weak and stock is losing 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 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 moving up

CCI has generated a buy signal for Mm Forgings in short term but BUY signal is weak.

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 532.47 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.