Price and trend forecast of HAPPYFORGE for Tomorrow, Weekly, Monthly
Happy Forgings Limited
Symbol: NSE:HAPPYFORGE
ISIN: INE330T01021
985.40
As on 2024-12-27
HAPPYFORGE's Today's Performance
Happy Forgings Limited started the day by opening at 990.00 today 2024-12-27. Its shares reached a high of 998.40 and dipped to a low of 982.10 in intraday. When the markets closed, HAPPYFORGE’s stock price settled at ₹985.40 per share. Also check out its key support and resistance levels.
HAPPYFORGE Buy/Sell Targets
Tomorrow, sell HAPPYFORGE when its price reaches ₹ 985.40 with a stop-loss order at ₹ 995.23. You can set the target price as ₹ 975.57 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of HAPPYFORGE for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for HAPPYFORGE
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 995 |
| Tomorrow Down Target 2 | 1,005 |
| Tomorrow Down Target 3 | 1,011 |
Important Levels for HAPPYFORGE
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 979 |
| Tomorrow Up Target 2 | 972 |
| Tomorrow Up Target 3 | 963 |
Based on where the stock opens tomorrow, if HAPPYFORGE opens on a positive note, our first target will be ₹995. If Target 1 is achieved, we will aim for Target 2 which is ₹1,005.
But if HAPPYFORGE falls below the average value of ₹988.63, you can enter a sell side position with target number 1 - ₹979 and second target - ₹972 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of HAPPYFORGE
Looking at HAPPYFORGE, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, HAPPYFORGE has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for HAPPYFORGE is moderate bearish.
Tomorrow's Volume based share price Forecast for HAPPYFORGE
HAPPYFORGE's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 1429%.
Reversal detection for HAPPYFORGE
HAPPYFORGE may trend may continue to be bearish since stock is making lower low and we can get target of ₹993 in morning tomorrow
| Target 1 tomorrow | 995 |
| Target 2 tomorrow | 999 |
| Target 3 tomorrow | 1005 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with HAPPYFORGE's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if HAPPYFORGE opens on a positive note, our first target will be ₹995.17. If Target 1 is achieved, we will aim for Target 2 which is ₹1,004.93.
But if HAPPYFORGE falls below the average value of ₹988.63, you can enter a sell side position with target number 1 - ₹978.87 and second target - ₹972.33
HAPPYFORGE's Weekly Targets
| 1st Up Target | 1,031.60 |
| 2nd Up Target | 1,077.80 |
| 1st Down Target | 959.60 |
| 2nd Down Target | 933.80 |
As the week for HAPPYFORGE ended on bearish sentiments, we can expect further continuation of this sentiment. HAPPYFORGE's initial target will be 1,031.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 959.60 in the upcoming week.
Weekly OHLC Values
| Open | 1,029.00 |
| High | 1,052.00 |
| Low | 980.00 |
| Close | 985.40 |
Week for HAPPYFORGE started with an open price of 1,029.00, and the close was at 985.40. HAPPYFORGE reached the highest of 1,052.00 and dipped lowest up to 980.00 last week. This indicates a bearish sentiment for the week.
HAPPYFORGE full month swing targets
| Monthly Up Target 1 | 1,103.60 |
| Monthly Up Target 2 | 1,149.80 |
| Monthly Down Target 1 | 887.60 |
| Monthly Down Target 2 | 789.80 |
Targets of ₹1,103.60 can be expected to be reached in the coming month. Once HAPPYFORGE achieved this target, we can aim for the next upside target of ₹1,149.80.
HAPPYFORGE if fails to hold upside, down targets of ₹887.60 and ₹789.80 can be achieved by end of this month.
For complete three weeks if HAPPYFORGE is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as HAPPYFORGE
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
HAPPYFORGE is expected to reach the target of 995.17 in tomorrow's trading session.
After achieving the initial target in HAPPYFORGE, we will aim for higher targets of 1,004.93 tomorrow.
However, if HAPPYFORGE starts to trade below ₹988.63, then we will shift our focus to the sell side and aim for down targets of 978.87 and 972.33.