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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 2024-11-14 View latest technical analysis

10 day averaged volume of Mega Flex is 8100

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	51.90	50.10	52.60	50.10	2.593 times
11 Mon Nov 2024	50.30	52.50	52.60	48.00	1.852 times
08 Fri Nov 2024	50.25	50.25	50.25	50.25	0.741 times
07 Thu Nov 2024	47.90	47.90	47.90	47.90	0.37 times
05 Tue Nov 2024	47.90	47.90	47.90	47.90	0.37 times
04 Mon Nov 2024	47.30	47.30	47.30	47.30	1.111 times
01 Fri Nov 2024	49.75	45.70	49.75	45.70	0.741 times
31 Thu Oct 2024	47.40	49.85	49.85	45.90	1.852 times
25 Fri Oct 2024	47.50	47.60	47.60	47.50	0.741 times
24 Thu Oct 2024	50.00	50.00	50.00	50.00	0.37 times

Stock of Mega Flex (MEGAFLEX_ST) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 47.1 or till 38.5. Use a stoploss of 54.26 and if the stock hits stoploss, then it can shoot up till 61.43

Share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Target	28.95
Downside Target	29.95
Downside Target	34.00
Downside Target	35.35
Downside Target	42.70
Downside Target	45.70
Downside Target	47.30
Downside Target	49.85
Upside Target	52.60
Upside Target	54.20
Upside Target	56.90
Upside Target	66.75
Upside Target	70.50

Intraday share price targets for Mega Flex (MEGAFLEX_ST)

Target Type	Value
Downside Intraday Target	49.07
Downside Intraday Target	46.23
Upside Intraday Target	53.67
Upside Intraday Target	55.43
Downside Intraday Target	50.83

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	51.90	52.50	52.60	48.00	1.714 times
08 Fri Nov 2024	50.25	47.30	50.25	47.30	1 times
01 Fri Nov 2024	49.75	49.85	49.85	45.70	0.35 times
25 Fri Oct 2024	47.50	56.90	56.90	47.50	1.25 times
18 Fri Oct 2024	54.20	66.75	66.75	54.20	0.762 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	51.90	45.70	52.60	45.70	0.35 times
31 Thu Oct 2024	47.40	65.50	70.50	45.90	1.622 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

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

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 stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mega Flex in short term and BUY signal is strong.

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 49.47 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.