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Stock analysis Happy Forgings Limited HAPPYFORGE

More indepth analysis on MunafaSutra.com

Moving Averages for Happy Forgings Limited

  • 5Day Average: 1077.71
  • 12Day Average: 1105.28
  • 20Day Average: 1096.33
  • 50Day Average: 1143.18
  • 100Day Average: 1182.21
  • 150Day Average: 1148.15
  • 200Day Average: 1092.41

HAPPYFORGE Indicators & signals

Indicator MACD (12,26,9)

1094.92, 1109.46, -13.12
Indicator MACD is in negative zone

Indicator ADX (14)

4.18, 19.24, 20.92
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
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
19 Tue Nov 2024 1081.00 1064.75 to 1090.10 1.78% 1.67 times
18 Mon Nov 2024 1062.10 1041.00 to 1115.90 -1.78% 1.49 times
14 Thu Nov 2024 1081.35 1065.10 to 1132.50 0.79% 0.96 times
13 Wed Nov 2024 1072.90 1049.05 to 1083.50 -1.68% 0.42 times
12 Tue Nov 2024 1091.20 1081.05 to 1125.95 -2.88% 1.03 times
11 Mon Nov 2024 1123.60 1100.00 to 1143.90 -0.99% 0.58 times
08 Fri Nov 2024 1134.85 1115.50 to 1168.00 -0.32% 1.61 times
07 Thu Nov 2024 1138.50 1128.05 to 1168.00 -0.99% 0.31 times
06 Wed Nov 2024 1149.90 1138.00 to 1168.00 1.22% 0.45 times
05 Tue Nov 2024 1136.05 1100.00 to 1141.90 2.43% 0.63 times
04 Mon Nov 2024 1109.15 1062.00 to 1191.05 2.43% 2.53 times
01 Fri Nov 2024 1082.80 1075.50 to 1094.85 0.66% 0.09 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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1077 as stoploss in an intra day buy trade for a target of 1103.16. However, stock will show a bearish move below 1077.

More indepth analysis on MunafaSutra.com