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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 2024-04-05 View latest technical analysis

10 day averaged volume of Megasoft is 359085

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	86.20	89.00	89.25	85.10	0.623 times
04 Thu Apr 2024	87.95	92.00	92.40	87.50	0.783 times
03 Wed Apr 2024	90.10	90.35	93.30	87.85	1.026 times
02 Tue Apr 2024	88.90	89.00	91.75	88.25	0.899 times
01 Mon Apr 2024	88.70	93.90	93.90	87.00	1.58 times
28 Thu Mar 2024	89.45	89.45	89.45	89.45	1.959 times
27 Wed Mar 2024	85.20	85.20	85.20	84.35	0.517 times
26 Tue Mar 2024	81.15	77.40	81.15	75.90	1.13 times
22 Fri Mar 2024	77.30	76.95	78.30	73.85	1.006 times
21 Thu Mar 2024	74.95	73.00	74.95	71.65	0.517 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 89.4 as stoploss in an intra day sell trade for a target of 81.89. However, stock will show a bullish move above 89.4.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	28.60
Downside Target	37.50
Downside Target	43.55
Downside Target	57.50
Downside Target	67.25
Downside Target	70.60
Downside Target	75.90
Downside Target	78.30
Downside Target	85.10
Upside Target	89.45
Upside Target	93.90
Upside Target	96.45
Upside Target	106.35
Upside Target	107.25

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	82.9
Downside Intraday Target	79.6
Upside Intraday Target	91.7
Upside Intraday Target	97.2
Upside Intraday Target	88.4

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	86.20	93.90	93.90	85.10	1.362 times
28 Thu Mar 2024	89.45	77.40	89.45	75.90	1.074 times
22 Fri Mar 2024	77.30	75.40	78.30	70.60	0.298 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

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
05 Fri Apr 2024	86.20	93.90	93.90	85.10	0.139 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
21 Mon Aug 2023	51.80	38.85	57.50	37.50	1.291 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 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 Megasoft ( (MEGASOFT) ) 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Megasoft in short term and the buy signal is strong.

Megasoft 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 in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Megasoft in short term but SELL signal is weak.

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 85.91 and Megasoft (MEGASOFT) 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 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 positive

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