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Stock analysis MM Forgings Limited MMFL

More indepth analysis on MunafaSutra.com

Moving Averages for MM Forgings Limited

  • 5Day Average: 342.96
  • 12Day Average: 347.83
  • 20Day Average: 350.73
  • 50Day Average: 379.39
  • 100Day Average: 430.89
  • 150Day Average: 474.32
  • 200Day Average: 565.93

MMFL Indicators & signals

Indicator MACD (12,26,9)

346.74, 356.67, -10.22
Indicator MACD is in negative zone

Indicator ADX (14)

25.91, 15.2, 25.83
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MMFL MM Forgings Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Fri Mar 2025 338.60 330.00 to 347.95 2.31% 1.88 times
27 Thu Mar 2025 330.95 330.00 to 339.85 -1.4% 0.8 times
26 Wed Mar 2025 335.65 333.45 to 352.20 -3.91% 0.98 times
25 Tue Mar 2025 349.30 347.10 to 363.90 -3.05% 0.65 times
24 Mon Mar 2025 360.30 357.00 to 368.00 1.29% 1.76 times
21 Fri Mar 2025 355.70 348.55 to 367.30 1.83% 2.54 times
20 Thu Mar 2025 349.30 348.50 to 359.00 -1.06% 0.97 times
19 Wed Mar 2025 353.05 351.60 to 364.00 -0.9% 0.74 times
18 Tue Mar 2025 356.25 339.00 to 360.00 4.33% 0.73 times
17 Mon Mar 2025 341.45 336.60 to 358.00 -2.39% 0.41 times
13 Thu Mar 2025 349.80 347.40 to 355.40 -1.07% 0.42 times
12 Wed Mar 2025 353.60 350.00 to 362.10 -1.5% 0.46 times

Technical analysis forecast for MM Forgings Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT MM Forgings Limited MMFL at this time. Stock is falling and might fall more.

It appears as if MM Forgings Limited MMFL gave a large move recently.

Stock of MM Forgings Limited (MMFL) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of MM Forgings Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if MM Forgings Limited stays below 339.7, but if it comes above 339.7, then a intra day buy could be more profitable.
If you take a sell trade below 339.7, then use 339.7 as stoploss and 325 as target. However if you take a buy trade in MM Forgings Limited, then use 339.7 as stoploss and 351.94 as target.

More indepth analysis on MunafaSutra.com