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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 2024-08-12 View latest technical analysis

10 day averaged volume of Megasoft is 267073

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	70.51	70.00	73.40	68.00	0.702 times
09 Fri Aug 2024	70.14	72.00	73.38	69.95	0.357 times
08 Thu Aug 2024	70.06	67.96	72.00	67.96	0.75 times
07 Wed Aug 2024	67.96	66.99	68.35	66.37	0.387 times
06 Tue Aug 2024	66.06	68.40	69.15	66.00	0.499 times
05 Mon Aug 2024	67.50	68.00	69.90	67.47	0.656 times
02 Fri Aug 2024	71.03	71.80	72.00	70.05	0.613 times
01 Thu Aug 2024	72.18	73.90	74.09	72.00	0.575 times
31 Wed Jul 2024	73.17	73.00	75.00	72.50	1.049 times
30 Tue Jul 2024	73.69	70.24	73.74	70.24	3.98 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 71.3 as stoploss in an intra day sell trade for a target of 69. However, stock will show a bullish move above 71.3.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	58.60
Downside Target	63.55
Downside Target	66.00
Downside Target	67.36
Downside Target	69.47
Upside Target	73.38
Upside Target	73.40
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	67.87
Downside Intraday Target	65.24
Upside Intraday Target	73.27
Upside Intraday Target	76.04
Upside Intraday Target	70.64

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	70.51	70.00	73.40	68.00	0.265 times
09 Fri Aug 2024	70.14	68.00	73.38	66.00	0.36 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

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
12 Mon Aug 2024	70.51	73.90	74.09	66.00	0.184 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 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 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 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 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 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 in or above the red cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 71.67 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.