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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 2024-10-14 View latest technical analysis

10 day averaged volume of Mega Flex is 12300

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	66.50	66.75	66.75	66.50	0.732 times
10 Thu Oct 2024	70.00	67.50	70.00	67.50	0.732 times
09 Wed Oct 2024	68.00	67.00	68.00	67.00	0.732 times
08 Tue Oct 2024	70.00	65.50	70.50	65.50	3.171 times
22 Mon Apr 2024	35.35	32.25	35.35	32.25	0.488 times
18 Thu Apr 2024	33.70	33.65	33.70	33.65	0.488 times
16 Tue Apr 2024	32.10	31.90	32.10	31.40	2.195 times
15 Mon Apr 2024	31.90	30.65	31.90	30.65	0.488 times
12 Fri Apr 2024	30.40	30.40	30.40	30.40	0.732 times
10 Wed Apr 2024	31.85	31.85	31.85	31.85	0.244 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 71.8, for a target of 53.9 or 39.06

Share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Target	28.95
Downside Target	29.95
Downside Target	31.85
Downside Target	33.35
Downside Target	35.35
Downside Target	39.75
Downside Target	42.50
Downside Target	42.70
Downside Target	65.50
Downside Target	66.50
Upside Target	66.75
Upside Target	70.50

Intraday share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Intraday Target	66.42
Downside Intraday Target	66.33
Upside Intraday Target	66.67
Upside Intraday Target	66.83
Upside Intraday Target	66.58

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	66.50	66.75	66.75	66.50	0.143 times
10 Thu Oct 2024	70.00	32.25	70.50	32.25	1.615 times
18 Thu Apr 2024	33.70	30.65	33.70	30.65	0.867 times
12 Fri Apr 2024	30.40	28.95	31.85	28.95	2.143 times
05 Fri Apr 2024	30.35	31.85	33.35	30.30	1.167 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
14 Mon Oct 2024	66.50	65.50	70.50	65.50	0.595 times
22 Mon Apr 2024	35.35	31.85	35.35	28.95	0.698 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

Scroll below to view daily charts

Price has moved up 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mega Flex ( (MEGAFLEX_ST) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mega Flex ( (MEGAFLEX_ST) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mega Flex in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mega Flex Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.13 and Mega Flex (MEGAFLEX_ST) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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