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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 2024-08-06 View latest technical analysis

10 day averaged volume of Megasoft is 256767

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	66.06	68.40	69.15	66.00	0.519 times
05 Mon Aug 2024	67.50	68.00	69.90	67.47	0.682 times
02 Fri Aug 2024	71.03	71.80	72.00	70.05	0.637 times
01 Thu Aug 2024	72.18	73.90	74.09	72.00	0.598 times
31 Wed Jul 2024	73.17	73.00	75.00	72.50	1.091 times
30 Tue Jul 2024	73.69	70.24	73.74	70.24	4.14 times
29 Mon Jul 2024	70.23	68.95	70.30	67.36	1.181 times
26 Fri Jul 2024	66.96	66.76	68.00	66.70	0.39 times
25 Thu Jul 2024	66.76	66.90	68.16	66.20	0.33 times
24 Wed Jul 2024	66.90	68.50	68.50	66.10	0.42 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 66.7, but if it comes above 66.7, then a intra day buy could be more profitable.
If you take a sell trade below 66.7, then use 66.7 as stoploss and 63.9 as target. However if you take a buy trade in stock , then use 66.7 as stoploss and 69 as target.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	58.60
Downside Target	63.55
Downside Target	66.00
Upside Target	69.47
Upside Target	70.50
Upside Target	71.61
Upside Target	74.09
Upside Target	75.00
Upside Target	75.99
Upside Target	76.95
Upside Target	93.90

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	64.74
Downside Intraday Target	63.42
Upside Intraday Target	68.64
Upside Intraday Target	71.22
Upside Intraday Target	67.32

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	66.06	68.00	69.90	66.00	0.157 times
02 Fri Aug 2024	71.03	68.95	75.00	67.36	3.467 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

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
06 Tue Aug 2024	66.06	73.90	74.09	66.00	0.095 times
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

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 term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Megasoft ( (MEGASOFT) ) based on a short to mid 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 mid to longer 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.

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 getting stronger in this stock.

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 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 71.37 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 negative.

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