Is Happy Forgings technically bullish or bearish?
As of July 21, 2025, Happy Forgings shows a mildly bullish trend supported by a bullish weekly MACD and Bollinger Bands, despite some short-term weakness indicated by daily moving averages.
As of 21 July 2025, the technical trend for Happy Forgings has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive outlook, while the Bollinger Bands also indicate a bullish stance on the weekly timeframe. However, daily moving averages are mildly bearish, suggesting some short-term weakness. The Dow Theory shows a mildly bullish trend on the monthly timeframe, and the On-Balance Volume (OBV) is mildly bullish as well. Overall, the current technical stance is mildly bullish, driven primarily by the bullish MACD and Bollinger Bands on the weekly chart, despite some mixed signals from daily moving averages.
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