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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 2024-10-16 View latest technical analysis

10 day averaged volume of Mega Flex is 13200

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	60.05	60.05	60.05	60.05	1.136 times
15 Tue Oct 2024	63.20	63.20	63.20	63.20	0.909 times
14 Mon Oct 2024	66.50	66.75	66.75	66.50	0.682 times
10 Thu Oct 2024	70.00	67.50	70.00	67.50	0.682 times
09 Wed Oct 2024	68.00	67.00	68.00	67.00	0.682 times
08 Tue Oct 2024	70.00	65.50	70.50	65.50	2.955 times
22 Mon Apr 2024	35.35	32.25	35.35	32.25	0.455 times
18 Thu Apr 2024	33.70	33.65	33.70	33.65	0.455 times
16 Tue Apr 2024	32.10	31.90	32.10	31.40	2.045 times
15 Mon Apr 2024	31.90	30.65	31.90	30.65	0.455 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 58.1, but if it comes below 58.1, then a intra day sell could be more profitable.
If you take a sell trade below 58.1, then use 58.1 as stoploss and 41.95 as target. However if you take a buy trade in stock , then use 58.1 as stoploss and 77.4 as target.

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	60.05
Upside Target	66.75
Upside Target	70.50

Intraday share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Intraday Target	57.82
Downside Intraday Target	55.58
Upside Intraday Target	64.52
Upside Intraday Target	68.98
Upside Intraday Target	62.28

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	60.05	66.75	66.75	60.05	0.571 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
16 Wed Oct 2024	60.05	65.50	70.50	60.05	0.838 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 55.81 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.