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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 2024-04-09 View latest technical analysis

10 day averaged volume of Megasoft is 371304

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	84.85	88.80	88.80	84.50	0.325 times
08 Mon Apr 2024	88.25	87.40	90.00	83.85	0.79 times
05 Fri Apr 2024	86.20	89.00	89.25	85.10	0.602 times
04 Thu Apr 2024	87.95	92.00	92.40	87.50	0.757 times
03 Wed Apr 2024	90.10	90.35	93.30	87.85	0.992 times
02 Tue Apr 2024	88.90	89.00	91.75	88.25	0.87 times
01 Mon Apr 2024	88.70	93.90	93.90	87.00	1.528 times
28 Thu Mar 2024	89.45	89.45	89.45	89.45	1.895 times
27 Wed Mar 2024	85.20	85.20	85.20	84.35	0.5 times
26 Tue Mar 2024	81.15	77.40	81.15	75.90	1.093 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 88.1 as stoploss in an intra day sell trade for a target of 81.29. However, stock will show a bullish move above 88.1.

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	83.85
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	82.47
Downside Intraday Target	80.08
Upside Intraday Target	88.62
Upside Intraday Target	92.38
Upside Intraday Target	86.23

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	84.85	87.40	90.00	83.85	0.235 times
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

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
09 Tue Apr 2024	84.85	93.90	93.90	83.85	0.171 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 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 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 Weak and stock is losing momentum.

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

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. 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 and SELL 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 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 87.56 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.