HAPPYFORGE CMP 785.(For POSITIONAL and LONG TERM Players)Stock trading at bottom levels now chance to be bounce from these levels fundamentals are good.Increasing net profit every quarters. Add this to your portfolio for long term vision)
HAPPYFORGE trade ideas
HAPPY-GO-LUCKY 📊 **Trend Analysis**
🔻 The stock is currently in a **downward channel**, as evident from the trendlines sloping downward.
📉 The price is near the lower boundary of the channel, suggesting the potential for a **bounceback** if support holds.
📍 **Key Levels**
🟢 **Support Level:** ₹985
This level has been tested multiple times in 2024, showing strong buyer interest.
🔴 **Resistance Level:** ₹1,085
The price has struggled to break past this level recently, making it a strong resistance zone.
⚠️ **Immediate short term Support:** ₹985
The price is hovering near this area, and a breach could indicate further downside.
🔬 **Volume Analysis**
📈 Volume spikes have coincided with significant price movements, especially during reversals.
📉 Currently, volume seems lower, suggesting a lack of strong buying or selling pressure.
📅 **Outlook & Strategy**
💡 If the price holds above ₹985, **bullish opportunities** may emerge, targeting ₹1,085
💔 A breakdown below₹985 could lead to a test of lower levels near ₹950.
final support for the stock 915
✨ **Takeaway**
🧘♂️ Patience is key! Wait for confirmation signals before entering a trade.
Look, im not a stock market professional. Just sharing for my own purpose, not yours.
Happy Forging...is Really Happy ??Stagnant growth...No Accelerations.
A Slow Mover. No Big Moves.
More weakness or Accumulation ??
No Recommendations. Just Watch it.
HAPPYFORGE (inverse head & solder in daily time frame)HAPPYFORGE had a inverse head & solder pattern in daily time frame. As per my analysis a sharp rally can be noticed in coming days.
