M M Forgings Technical Analysis

M M Forgings Ltd Technical Analysis

M M Forgings Ltd technical analysis is gaining attention among traders and investors tracking M M Forgings Ltd Technical Analysis trends in the Indian stock market. M M Forgings Ltd (NSE: MMFL, BSE: 522241) is currently trading at ₹447.95, showing a -2.79% move as of Wed, Jun 03, 2026.

This detailed M M Forgings Ltd technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

M M Forgings Ltd Stock Overview

M M Forgings Ltd operates in the Producer manufacturing sector under the Metal fabrication industry. With a market capitalization of ₹21.61B and a PE ratio of 22.05, M M Forgings Ltd remains a key stock to watch in M M Forgings Ltd Technical Analysis searches.

Key Metrics

• Market Cap: ₹21.61B
• PE Ratio: 22.05
• Dividend Yield: 0.89
• Sector: Producer manufacturing
• Industry: Metal fabrication

These fundamentals play an important role in M M Forgings Ltd technical analysis and valuation tracking.

M M Forgings Ltd Support and Resistance Levels

Classic Pivot Levels

In M M Forgings Ltd technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 623.57
• Resistance 2: 543.62
• Resistance 1: 495.78
• Pivot Point: 463.67
• Support 1: 415.83
• Support 2: 383.72
• Support 3: 303.77

Conditional Insight

M M Forgings Ltd technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 415.83 and 383.72.

Fibonacci Levels Analysis

Fibonacci levels are widely used in M M Forgings Ltd technical analysis to identify retracement zones.

• Fibonacci R3: 543.62
• Fibonacci R2: 513.08
• Fibonacci R1: 494.21
• Fibonacci Pivot: 463.67
• Fibonacci S1: 433.13
• Fibonacci S2: 414.26
• Fibonacci S3: 383.72

M M Forgings Ltd technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

M M Forgings Ltd Moving Average Analysis

Moving averages are key indicators in M M Forgings Ltd technical analysis for identifying trend direction.

• 10 EMA: 450.18
• 20 EMA: 455.76
• 30 EMA: 457.13
• 50 EMA: 453.99
• 100 EMA: 436.57
• 200 EMA: 414.33

Trend Logic

M M Forgings Ltd technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in M M Forgings Ltd technical analysis remains positive above 200 EMA.

M M Forgings Ltd Technical Indicators Overview

Momentum Indicators

• RSI: 39.00
• MACD: -5.26
• Signal: -2.58
• ADX: 13.75
• Momentum: -11.75

RSI Logic

M M Forgings Ltd technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

M M Forgings Ltd technical analysis indicates bearish momentum with MACD below signal line.

M M Forgings Ltd Overall Recommendation

• Overall Recommendation Score: -0.36
• Moving Average Recommendation: -0.53
• Other Indicators Recommendation: -0.18

Overall M M Forgings Ltd technical analysis sentiment remains neutral with mixed signals.

M M Forgings Ltd Technical Analysis Conclusion

M M Forgings Ltd technical analysis suggests that traders should closely monitor price action around ₹447.95 and key pivot level 463.67. Breakouts above resistance or breakdown below support will define the next trend in M M Forgings Ltd technical analysis.

Investors searching for M M Forgings Ltd Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, M M Forgings Ltd technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.