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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)

10 day averaged volume of Mega Flex is 10200

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	35.35	32.25	35.35	32.25	0.588 times
18 Thu Apr 2024	33.70	33.65	33.70	33.65	0.588 times
16 Tue Apr 2024	32.10	31.90	32.10	31.40	2.647 times
15 Mon Apr 2024	31.90	30.65	31.90	30.65	0.588 times
12 Fri Apr 2024	30.40	30.40	30.40	30.40	0.882 times
10 Wed Apr 2024	31.85	31.85	31.85	31.85	0.294 times
09 Tue Apr 2024	30.35	30.35	30.35	30.35	0.882 times
08 Mon Apr 2024	28.95	28.95	29.05	28.95	2.353 times
05 Fri Apr 2024	30.35	33.35	33.35	30.35	0.588 times
04 Thu Apr 2024	31.80	30.45	31.80	30.45	0.882 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 34.7, for a target of 33 or 31.63

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	34.25
Downside Target	35.35
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	33.28
Downside Intraday Target	31.22
Upside Intraday Target	36.38
Upside Intraday Target	37.42
Downside Intraday Target	34.32

Weekly technical analysis of Mega Flex (MEGAFLEX_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	35.35	32.25	35.35	32.25	0.154 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
28 Thu Mar 2024	30.35	31.95	31.95	30.35	0.353 times

Price has moved up 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
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
31 Wed Jan 2024	42.50	39.80	42.50	39.75	0.006 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mega Flex in short term but the buy 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 red color and prices are in or above the red 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 SELL signal in short term but selling 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 31.22 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 negative.

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