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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 2024-08-07 View latest technical analysis

10 day averaged volume of Megasoft is 256447

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	67.96	66.99	68.35	66.37	0.403 times
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	0.683 times
02 Fri Aug 2024	71.03	71.80	72.00	70.05	0.638 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	1.092 times
30 Tue Jul 2024	73.69	70.24	73.74	70.24	4.145 times
29 Mon Jul 2024	70.23	68.95	70.30	67.36	1.183 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

My analysis of stock is bearish for shortterm, and stock might move down till 66.6 or till 63.8. Use a stoploss of 68.88 and if the stock hits stoploss, then it can shoot up till 71.19

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	66.01
Downside Intraday Target	64.05
Upside Intraday Target	69.91
Upside Intraday Target	71.85
Downside Intraday Target	67.95

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	67.96	68.00	69.90	66.00	0.21 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
07 Wed Aug 2024	67.96	73.90	74.09	66.00	0.111 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 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 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 losing momentum.

MACD generated a SELL signal for Megasoft in short term and the sell signal is strong.

Megasoft Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

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

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 71.42 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 positive

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