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(MEGASOFT) Megasoft complete technical analysis [charts+indicators] | Buy/Sell Megasoft | (MEGASOFT) share price targets

Complete technical analysis of Megasoft (MEGASOFT) by charts plus indicators, forecast predictions and share price targets for Megasoft (MEGASOFT)

Megasoft trades in NSE in IT Software Products sector.

10 day averaged volume of Megasoft is 237292

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	72.15	74.85	74.85	72.00	0.468 times
30 Tue Apr 2024	73.35	75.95	76.60	72.75	0.679 times
29 Mon Apr 2024	75.50	78.50	78.50	75.00	0.46 times
26 Fri Apr 2024	77.25	77.30	77.85	76.25	0.468 times
25 Thu Apr 2024	76.25	78.30	78.30	75.05	0.479 times
24 Wed Apr 2024	76.35	79.00	79.00	75.50	0.699 times
23 Tue Apr 2024	79.00	80.60	81.80	78.00	2.351 times
22 Mon Apr 2024	77.95	76.20	77.95	76.15	0.856 times
19 Fri Apr 2024	74.25	70.05	74.25	69.50	1.525 times
18 Thu Apr 2024	70.75	72.50	73.95	70.15	1.212 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 73.1, but if it comes above 73.1, then a intra day buy could be more profitable.
If you take a sell trade below 73.1, then use 73.1 as stoploss and 65.8 as target. However if you take a buy trade in stock , then use 73.1 as stoploss and 79.24 as target.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	37.50
Downside Target	57.50
Downside Target	67.25
Downside Target	69.50
Downside Target	72.00
Upside Target	74.85
Upside Target	81.80
Upside Target	85.10
Upside Target	90.00
Upside Target	93.90
Upside Target	106.35
Upside Target	107.25

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	69.93
Downside Intraday Target	67.72
Upside Intraday Target	76.43
Upside Intraday Target	80.72
Upside Intraday Target	74.22

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	72.15	78.50	78.50	72.00	0.331 times
26 Fri Apr 2024	77.25	76.20	81.80	75.05	0.887 times
19 Fri Apr 2024	74.25	76.55	76.80	69.50	1.309 times
12 Fri Apr 2024	78.40	87.40	90.00	77.60	0.562 times
05 Fri Apr 2024	86.20	93.90	93.90	85.10	1.362 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 Megasoft (MEGASOFT)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	72.15	74.85	74.85	72.00	0.02 times
30 Tue Apr 2024	73.35	93.90	93.90	69.50	0.431 times
28 Thu Mar 2024	89.45	90.95	107.25	67.25	0.993 times
29 Thu Feb 2024	87.95	77.10	106.35	76.00	0.924 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 Megasoft (MEGASOFT)

Price action analysis of Megasoft ( (MEGASOFT) ) 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 Megasoft ( (MEGASOFT) ) 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 Megasoft ( (MEGASOFT) ) based on a mid to longer 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.

ADX buy sell signal for Megasoft stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Megasoft in short term and the sell signal is strong.

Megasoft Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Megasoft in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 Megasoft is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 75.65 and Megasoft (MEGASOFT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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

Megasoft 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.