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Stock analysis Happy Forgings Limited HAPPYFORGE

More indepth analysis on MunafaSutra.com

Moving Averages for Happy Forgings Limited

  • 5Day Average: 945.4
  • 12Day Average: 934.93
  • 20Day Average: 926.72
  • 50Day Average: 919.61

HAPPYFORGE Indicators & signals

Indicator MACD (12,26,9)

935.88, 925.12, 6.64
Indicator MACD is in positive zone

Indicator ADX (14)

18.99, 24.31, 16.55
Indicator ADX is indicating that momentum is weak.
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
29 Mon Apr 2024 955.55 946.00 to 968.40 0.82% 0.31 times
26 Fri Apr 2024 947.75 934.25 to 961.80 1.76% 0.74 times
25 Thu Apr 2024 931.35 928.80 to 960.00 -2.73% 0.35 times
24 Wed Apr 2024 957.50 937.70 to 969.00 2.42% 0.64 times
23 Tue Apr 2024 934.85 932.00 to 980.00 -1.63% 1.11 times
22 Mon Apr 2024 950.30 925.95 to 975.70 3.24% 1.98 times
19 Fri Apr 2024 920.50 905.50 to 928.60 -1.6% 0.42 times
18 Thu Apr 2024 935.50 930.60 to 961.30 -0.59% 0.53 times
16 Tue Apr 2024 941.05 933.00 to 972.10 3.94% 2.77 times
15 Mon Apr 2024 905.35 890.00 to 918.70 -2.63% 0.37 times
12 Fri Apr 2024 929.80 907.50 to 934.95 2.21% 1.1 times
10 Wed Apr 2024 909.70 885.00 to 915.00 2.21% 0.84 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!

My analysis of Happy Forgings Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Happy Forgings Limited stays above 946.6, but if it comes below 946.6, then a intra day sell could be more profitable.
If you take a sell trade below 946.6, then use 946.6 as stoploss and 927.83 as target. However if you take a buy trade in Happy Forgings Limited, then use 946.6 as stoploss and 969 as target.

More indepth analysis on MunafaSutra.com