Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-04-26 View latest technical analysis

10 day averaged volume of Megasoft is 291615

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	77.25	77.30	77.85	76.25	0.381 times
25 Thu Apr 2024	76.25	78.30	78.30	75.05	0.389 times
24 Wed Apr 2024	76.35	79.00	79.00	75.50	0.569 times
23 Tue Apr 2024	79.00	80.60	81.80	78.00	1.913 times
22 Mon Apr 2024	77.95	76.20	77.95	76.15	0.696 times
19 Fri Apr 2024	74.25	70.05	74.25	69.50	1.241 times
18 Thu Apr 2024	70.75	72.50	73.95	70.15	0.986 times
16 Tue Apr 2024	71.85	71.50	74.25	70.90	1.034 times
15 Mon Apr 2024	74.50	76.55	76.80	74.50	1.191 times
12 Fri Apr 2024	78.40	81.00	82.30	77.60	0.92 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 75.1 as stoploss in an intra day buy trade for a target of 81.35. However, stock will show a bearish move below 75.1.

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	69.50
Downside Target	75.05
Upside Target	81.80
Upside Target	85.10
Upside Target	89.45
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	74.27
Downside Intraday Target	71.28
Upside Intraday Target	81.02
Upside Intraday Target	84.78
Upside Intraday Target	78.03

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
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
28 Thu Mar 2024	89.45	77.40	89.45	75.90	1.074 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
26 Fri Apr 2024	77.25	93.90	93.90	69.50	0.41 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 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 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 neutral. A longer time frame might give a better analysis.

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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Megasoft in short term and BUY 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

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 75.64 and Megasoft (MEGASOFT) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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