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Stock analysis Happy Forgings Limited HAPPYFORGE

More indepth analysis on MunafaSutra.com

Moving Averages for Happy Forgings Limited

  • 5Day Average: 991.91
  • 12Day Average: 995.27
  • 20Day Average: 997.29
  • 50Day Average: 1040.45
  • 100Day Average: 1097
  • 150Day Average: 1140.18
  • 200Day Average: 1117.45

HAPPYFORGE Indicators & signals

Indicator MACD (12,26,9)

995.45, 1009.3, -16.87
Indicator MACD is in negative zone

Indicator ADX (14)

12.5, 15.91, 12.38
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 47
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
21 Tue Jan 2025 1000.20 986.30 to 1008.00 1.01% 10.77 times
20 Mon Jan 2025 990.15 987.05 to 994.55 -0.13% 0.47 times
17 Fri Jan 2025 991.45 987.75 to 996.90 -0.09% 0.51 times
16 Thu Jan 2025 992.30 986.05 to 995.00 0.7% 0.44 times
15 Wed Jan 2025 985.45 980.00 to 997.90 -0.09% 0.68 times
14 Tue Jan 2025 986.30 975.05 to 996.90 0.47% 0.6 times
13 Mon Jan 2025 981.65 962.95 to 1000.00 0% 1.88 times
13 Mon Jan 2025 981.65 962.95 to 1000.00 -1.38% 1.88 times
10 Fri Jan 2025 995.40 985.00 to 1008.90 -1.47% 1.26 times
09 Thu Jan 2025 1010.25 995.00 to 1020.00 0.23% 1.16 times
08 Wed Jan 2025 1007.90 1000.00 to 1020.15 -1.24% 1.14 times
07 Tue Jan 2025 1020.55 994.00 to 1045.70 1.86% 1.14 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, and stock might move down till 991.9 or till 979. Use a stoploss of 1002.63 and if the stock hits stoploss, then it can shoot up till 1013.39

More indepth analysis on MunafaSutra.com