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Stock analysis Happy Forgings Limited HAPPYFORGE

More indepth analysis on MunafaSutra.com

Moving Averages for Happy Forgings Limited

  • 5Day Average: 996.95
  • 12Day Average: 969.37
  • 20Day Average: 958.62
  • 50Day Average: 922.53

HAPPYFORGE Indicators & signals

Indicator MACD (12,26,9)

979.3, 956.63, 13.65
Indicator MACD is in positive zone

Indicator ADX (14)

52.8, 36.52, 11.28
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
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
17 Fri May 2024 1051.00 1040.85 to 1079.30 1.44% 2.2 times
16 Thu May 2024 1036.10 979.95 to 1041.00 6.22% 2.72 times
15 Wed May 2024 975.45 965.85 to 994.10 0.97% 1.31 times
14 Tue May 2024 966.10 959.60 to 984.20 1.05% 0.62 times
13 Mon May 2024 956.10 939.55 to 965.75 0.59% 0.54 times
10 Fri May 2024 950.50 939.15 to 956.65 0.16% 0.34 times
09 Thu May 2024 949.00 940.00 to 958.00 0.28% 0.9 times
08 Wed May 2024 946.35 917.00 to 952.25 2.23% 1.14 times
07 Tue May 2024 925.70 916.90 to 957.80 -2.57% 0.41 times
06 Mon May 2024 950.10 946.00 to 985.00 -1.97% 0.44 times
03 Fri May 2024 969.15 955.00 to 990.00 1.28% 1.57 times
02 Thu May 2024 956.90 940.20 to 970.35 1.57% 1.13 times

Technical analysis forecast of Happy Forgings Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Happy Forgings Limited HAPPYFORGE at this time. Stock is rising and might rise more.

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

Stock of Happy Forgings Limited (HAPPYFORGE) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Happy Forgings Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1033, for a target of 995.3 or 963.94

More indepth analysis on MunafaSutra.com