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(MEGAFLEX_ST) Mega Flex complete technical analysis [charts+indicators] | Buy/Sell Mega Flex | (MEGAFLEX_ST) share price targets

Complete technical analysis of Mega Flex (MEGAFLEX_ST) by charts plus indicators, forecast predictions and share price targets for Mega Flex (MEGAFLEX_ST)

Showing technical analysis as on 2024-04-05 View latest technical analysis

10 day averaged volume of Mega Flex is 10800

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	30.35	33.35	33.35	30.35	0.556 times
04 Thu Apr 2024	31.80	30.45	31.80	30.45	0.833 times
02 Tue Apr 2024	30.30	30.30	30.30	30.30	0.278 times
01 Mon Apr 2024	31.85	31.85	31.85	31.85	0.278 times
28 Thu Mar 2024	30.35	31.50	31.50	30.35	1.389 times
27 Wed Mar 2024	31.95	31.95	31.95	31.95	0.278 times
20 Wed Mar 2024	31.95	33.60	34.25	31.95	3.611 times
19 Tue Mar 2024	33.60	33.60	33.60	33.60	0.278 times
18 Mon Mar 2024	32.00	32.55	32.55	32.00	0.833 times
14 Thu Mar 2024	31.00	32.55	32.55	31.00	0.833 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 30.7, but if it comes above 30.7, then a intra day buy could be more profitable.
If you take a sell trade below 30.7, then use 30.7 as stoploss and 28.6 as target. However if you take a buy trade in stock , then use 30.7 as stoploss and 32.44 as target.

Share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Target	29.95
Upside Target	31.95
Upside Target	33.05
Upside Target	34.00
Upside Target	34.25
Upside Target	39.75
Upside Target	42.50
Upside Target	42.70
Upside Target	50.30
Upside Target	62.45

Intraday share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Intraday Target	29.32
Downside Intraday Target	28.28
Upside Intraday Target	32.37
Upside Intraday Target	34.38
Upside Intraday Target	31.33

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	30.35	31.85	33.35	30.30	1.167 times
28 Thu Mar 2024	30.35	31.95	31.95	30.35	0.353 times
20 Wed Mar 2024	31.95	32.55	34.25	31.95	0.708 times
14 Thu Mar 2024	31.00	30.40	33.05	29.95	4 times
07 Thu Mar 2024	32.00	33.95	33.95	32.00	0.857 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	30.35	31.85	33.35	30.30	0.132 times
28 Thu Mar 2024	30.35	33.95	34.25	29.95	2.208 times
28 Wed Feb 2024	35.70	42.55	42.70	34.00	3.429 times
31 Wed Jan 2024	42.50	39.80	42.50	39.75	0.006 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mega Flex (MEGAFLEX_ST)

Price action analysis of Mega Flex ( (MEGAFLEX_ST) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mega Flex ( (MEGAFLEX_ST) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mega Flex ( (MEGAFLEX_ST) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mega Flex ( (MEGAFLEX_ST) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mega Flex stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mega Flex in short term but the sell signal is initial and weak.

Mega Flex Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Mega Flex in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mega Flex is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 31.51 and Mega Flex (MEGAFLEX_ST) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mega Flex (MEGAFLEX_ST) stock. Volume based technical analysis of Mega Flex (MEGAFLEX_ST) stock is negative.

Mega Flex Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.