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Stock analysis Happy Forgings Limited HAPPYFORGE

More indepth analysis on MunafaSutra.com

Moving Averages for Happy Forgings Limited

  • 5Day Average: 1007.2
  • 12Day Average: 1003.05
  • 20Day Average: 1009.03
  • 50Day Average: 1061.28
  • 100Day Average: 1113.08
  • 150Day Average: 1151.74
  • 200Day Average: 1114.58

HAPPYFORGE Indicators & signals

Indicator MACD (12,26,9)

1008.93, 1026.08, -20.21
Indicator MACD is in negative zone

Indicator ADX (14)

14.62, 17, 12.66
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 43
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
10 Fri Jan 2025 995.40 985.00 to 1008.90 -1.47% 1.01 times
09 Thu Jan 2025 1010.25 995.00 to 1020.00 0.23% 0.93 times
08 Wed Jan 2025 1007.90 1000.00 to 1020.15 -1.24% 0.91 times
07 Tue Jan 2025 1020.55 994.00 to 1045.70 1.86% 0.91 times
06 Mon Jan 2025 1001.90 983.00 to 1059.00 -1.26% 2.44 times
03 Fri Jan 2025 1014.70 995.00 to 1022.00 0.54% 0.84 times
02 Thu Jan 2025 1009.20 991.55 to 1019.00 0.91% 1.13 times
01 Wed Jan 2025 1000.05 987.40 to 1015.00 0.16% 0.5 times
31 Tue Dec 2024 998.50 981.05 to 1000.00 0.06% 0.57 times
30 Mon Dec 2024 997.90 970.20 to 1000.00 1.27% 1.08 times
27 Fri Dec 2024 985.40 982.10 to 998.40 -0.94% 0.69 times
26 Thu Dec 2024 994.80 980.00 to 1004.00 0.19% 5.73 times

Technical analysis forecast for Happy 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 Happy Forgings Limited HAPPYFORGE at this time. Stock is falling and might fall more.

It appears as if Happy Forgings Limited HAPPYFORGE gave a large move recently.

Stock of Happy Forgings Limited (HAPPYFORGE) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Happy Forgings Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Happy Forgings Limited stays below 1004.5, but if it comes above 1004.5, then a intra day buy could be more profitable.
If you take a sell trade below 1004.5, then use 1004.5 as stoploss and 988 as target. However if you take a buy trade in Happy Forgings Limited, then use 1004.5 as stoploss and 1018.31 as target.

More indepth analysis on MunafaSutra.com