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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.

Showing technical analysis as on 2024-03-21 View latest technical analysis

10 day averaged volume of Megasoft is 685395

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	74.95	73.00	74.95	71.65	0.271 times
20 Wed Mar 2024	71.40	74.95	74.95	70.60	0.305 times
19 Tue Mar 2024	73.60	74.00	75.95	71.00	0.335 times
18 Mon Mar 2024	74.05	75.40	77.00	73.20	0.322 times
15 Fri Mar 2024	73.55	73.95	77.45	70.45	0.701 times
14 Thu Mar 2024	74.15	70.00	74.15	67.25	0.732 times
13 Wed Mar 2024	70.65	78.35	80.80	70.55	1.749 times
12 Tue Mar 2024	78.35	86.55	89.40	78.35	1.664 times
11 Mon Mar 2024	87.05	95.10	96.45	85.70	1.053 times
07 Thu Mar 2024	95.20	91.00	98.85	90.55	1.55 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 74.9 as stoploss in an intra day buy trade for a target of 84.87. However, stock will show a bearish move below 74.9.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	28.60
Downside Target	29.25
Downside Target	34.70
Downside Target	37.50
Downside Target	43.55
Downside Target	57.50
Downside Target	67.25
Downside Target	70.60
Upside Target	76.00
Upside Target	81.50
Upside Target	85.50
Upside Target	96.45
Upside Target	103.50
Upside Target	106.35
Upside Target	107.25

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	71.37
Downside Intraday Target	67.78
Upside Intraday Target	77.77
Upside Intraday Target	80.58
Downside Intraday Target	74.18

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	74.95	75.40	77.00	70.60	0.209 times
15 Fri Mar 2024	73.55	95.10	96.45	67.25	0.698 times
07 Thu Mar 2024	95.20	90.00	107.25	85.50	2.382 times
02 Sat Mar 2024	88.65	102.95	103.50	81.50	0.227 times
23 Fri Feb 2024	100.45	77.10	106.35	76.00	13.784 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 Megasoft (MEGASOFT)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	74.95	90.95	107.25	67.25	0.864 times
29 Thu Feb 2024	87.95	77.10	106.35	76.00	0.924 times
21 Mon Aug 2023	51.80	38.85	57.50	37.50	1.291 times
31 Mon Jul 2023	38.45	29.30	43.55	28.60	4.098 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Megasoft ( (MEGASOFT) ) 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a SELL signal for Megasoft in short term but the sell signal is initial and weak.

Megasoft Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Megasoft in short term but BUY 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

Stock of Megasoft is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 79.43 and Megasoft (MEGASOFT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Megasoft Stock has given negative 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.