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 2024-07-31 View latest technical analysis

10 day averaged volume of Megasoft is 254856

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	73.17	73.00	75.00	72.50	1.099 times
30 Tue Jul 2024	73.69	70.24	73.74	70.24	4.171 times
29 Mon Jul 2024	70.23	68.95	70.30	67.36	1.19 times
26 Fri Jul 2024	66.96	66.76	68.00	66.70	0.393 times
25 Thu Jul 2024	66.76	66.90	68.16	66.20	0.333 times
24 Wed Jul 2024	66.90	68.50	68.50	66.10	0.424 times
23 Tue Jul 2024	67.03	67.00	68.60	63.55	0.535 times
22 Mon Jul 2024	66.56	67.05	69.47	66.11	0.538 times
19 Fri Jul 2024	66.26	68.99	70.50	66.00	0.466 times
18 Thu Jul 2024	68.33	71.50	71.50	67.80	0.642 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 71.8, but if it comes below 71.8, then a intra day sell could be more profitable.
If you take a sell trade below 71.8, then use 71.8 as stoploss and 69.43 as target. However if you take a buy trade in stock , then use 71.8 as stoploss and 74.6 as target.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	58.60
Downside Target	63.55
Downside Target	69.47
Downside Target	71.61
Upside Target	74.06
Upside Target	75.00
Upside Target	75.99
Upside Target	76.95
Upside Target	93.90
Upside Target	107.25

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	68.69
Downside Intraday Target	64.2
Upside Intraday Target	76.33
Upside Intraday Target	79.48
Downside Intraday Target	71.84

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	73.17	68.95	75.00	67.36	2.907 times
26 Fri Jul 2024	66.96	67.05	69.47	63.55	0.723 times
19 Fri Jul 2024	66.26	70.50	71.61	66.00	0.699 times
12 Fri Jul 2024	70.90	74.70	75.99	67.00	0.456 times
05 Fri Jul 2024	73.76	64.76	74.06	64.76	4.151 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Megasoft (MEGASOFT)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	73.17	64.76	75.99	63.55	2.066 times
28 Fri Jun 2024	64.47	70.50	70.50	58.60	0.711 times
31 Fri May 2024	67.15	74.85	76.95	63.60	0.817 times
30 Tue Apr 2024	73.35	93.90	93.90	69.50	0.431 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Megasoft (MEGASOFT)

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Megasoft ( (MEGASOFT) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Megasoft Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 and the buying is gaining 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 70.95 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.