MM forgings , volume is upHuge volume seen in this counter
with stock moving up by 5 % in a day
the stock has a resistance at 955, crossing it we can see the targets mentioned in chart
the stock is weak below 899
Next report date
—
Report period
—
EPS estimate
—
Revenue estimate
—
53.00INR
1.28 BINR
14.62 BINR
9.93 M
About M.M. FORGINGS
Sector
Industry
CEO
Vidyashankar Krishnan
Website
Headquarters
Chennai
Employees (FY)
3.72 K
Founded
1945
ISIN
INE227C01017
FIGI
BBG000DWRR78
MM Forgings Ltd. engages in the manufacture of steel forgings. Its products include passenger cars, commercial vehicles, agricultural, off highway, and high-pressure valves. The company was founded in 1945 and is headquartered in Chennai, India.
MMFL-long price breaking out of ascending triangle pattern with decent volumes
price >18>50>200 day EMA
MACD crossover
target and stop loss marked
Low Risk set Up ✌✌✌This scrip has been choosen for short Term pick as it took support and reversal given. So traders add this scrip to your watchlist and try to capture the momentum. Thanks to all 🙏🙏🙏
MMFL Resistance BONSE:MMFL
#NSE:MMFL Given 2yrs Long Resistance BO. Chances to get a small pull back and bounce.
Marked the levels on chart.
Already shared the same stock @ 669 entry in Feb'22 and those who taken entry are enjoying profits.
New level might be the good choice in trending market and all dips are g
Brakout Ready:Mm Forgings LimitedMm Forgings Limited
1. A clear neckline breakout from multiple rounding bottoms, a cup-and-handle pattern
2. Very High volume
3. Trend is up
Fundamentals:
1. PE Ratio is half of the industry PE
2. PB Ratio is just 4 - cheap
Bearishness is left behindChart -> M.M. Forgings Daily
After hitting 5 times to the same resistance, finally it has given a breakout with huge volume. Because it broke out after trying 5 times, all the bearishness is left behind.
CMP: 970
Targets: 1100, 1150 and more
SL: 910
Disclaimer: This is for educational purposes on
Buy Today, Sell Tomorrow: MMFLDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closin
Cup and handle breakout if closes above 960 than can buy for swing trade
stoploss below 930
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
See all ideas
Trade directly on the supercharts through our supported, fully-verified and user-reviewed brokers.
Frequently Asked Questions
The current price of MMFL is 1121.55 INR — it has decreased by 0.51% in the past 24 hours. Watch M.M. FORGINGS stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange M.M. FORGINGS stocks are traded under the ticker MMFL.
MMFL stock has fallen by 0.51% compared to the previous week, the month change is a 20.47% rise, over the last year M.M. FORGINGS has showed a 26.02% increase.
We've gathered analysts' opinions on M.M. FORGINGS future price: according to them, MMFL price has a max estimate of 1200.00 INR and a min estimate of 1190.00 INR. Watch MMFL chart and read a more detailed M.M. FORGINGS stock forecast: see what analysts think of M.M. FORGINGS and suggest that you do with its stocks.
MMFL reached its all-time high on May 7, 2024 with the price of 1205.00 INR, and its all-time low was 13.50 INR and was reached on Mar 6, 2009. View more price dynamics on MMFL chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
MMFL stock is 3.33% volatile and has beta coefficient of 0.02. Track M.M. FORGINGS stock price on the chart and check out the list of the most volatile stocks — is M.M. FORGINGS there?
Today M.M. FORGINGS has the market capitalization of 27.40 B, it has decreased by 3.93% over the last week.
Yes, you can track M.M. FORGINGS financials in yearly and quarterly reports right on TradingView.
M.M. FORGINGS is going to release the next earnings report on May 28, 2024. Keep track of upcoming events with our Earnings Calendar.
M.M. FORGINGS revenue for the last quarter amounts to 3.88 B INR despite the estimated figure of 4.00 B INR. In the next quarter revenue is expected to reach 4.17 B INR.
MMFL net income for the last quarter is 334.23 M INR, while the quarter before that showed 348.73 M INR of net income which accounts for −4.16% change. Track more M.M. FORGINGS financial stats to get the full picture.
M.M. FORGINGS dividend yield was 0.72% in 2022, and payout ratio reached 11.32%. The year before the numbers were 0.71% and 15.92% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of May 19, 2024, the company has 3.72 K employees. See our rating of the largest employees — is M.M. FORGINGS on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. M.M. FORGINGS EBITDA is 2.85 B INR, and current EBITDA margin is 18.66%. See more stats in M.M. FORGINGS financial statements.
Like other stocks, MMFL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade M.M. FORGINGS stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So M.M. FORGINGS technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating M.M. FORGINGS stock shows the buy signal. See more of M.M. FORGINGS technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.