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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 2024-08-20 View latest technical analysis

10 day averaged volume of Megasoft is 151929

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	65.84	66.50	68.49	64.00	3.03 times
19 Mon Aug 2024	67.27	70.30	70.92	65.52	1.389 times
16 Fri Aug 2024	69.04	68.00	69.79	67.37	0.645 times
14 Wed Aug 2024	67.26	69.00	69.57	67.00	0.686 times
13 Tue Aug 2024	69.63	71.92	73.00	69.31	1.39 times
12 Mon Aug 2024	70.51	70.00	73.40	68.00	1.234 times
09 Fri Aug 2024	70.14	72.00	73.38	69.95	0.628 times
08 Thu Aug 2024	70.06	67.96	72.00	67.96	1.318 times
07 Wed Aug 2024	67.96	66.99	68.35	66.37	0.681 times
06 Tue Aug 2024	66.06	68.40	69.15	66.00	0.876 times

Stock of Megasoft (MEGASOFT) has showed a significant fall. This could be a good time to exit from this stock.

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 68.96 as target.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	58.60
Downside Target	63.55
Upside Target	66.00
Upside Target	69.47
Upside Target	70.92
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	62.92
Downside Intraday Target	60
Upside Intraday Target	69.84
Upside Intraday Target	73.84
Upside Intraday Target	66.92

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	65.84	70.30	70.92	64.00	1.117 times
16 Fri Aug 2024	69.04	70.00	73.40	67.00	0.85 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

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
20 Tue Aug 2024	65.84	73.90	74.09	64.00	0.349 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 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 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 SELL. Signal strength is Strong and stock is gaining 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 68.03 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.