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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 2024-09-13 View latest technical analysis

10 day averaged volume of Megasoft is 794182

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	55.04	55.30	55.55	54.43	0.423 times
12 Thu Sep 2024	54.30	54.90	56.50	53.27	1.113 times
11 Wed Sep 2024	53.46	54.32	54.90	52.62	0.385 times
10 Tue Sep 2024	54.32	56.50	57.24	53.21	0.801 times
09 Mon Sep 2024	55.38	57.99	60.55	54.40	3.177 times
06 Fri Sep 2024	55.66	52.04	55.66	52.04	0.87 times
05 Thu Sep 2024	50.60	51.95	52.80	50.21	0.369 times
04 Wed Sep 2024	51.22	50.50	52.70	50.05	0.626 times
03 Tue Sep 2024	51.66	52.40	53.85	51.10	0.627 times
02 Mon Sep 2024	51.45	55.00	57.00	51.01	1.146 times

My analysis of stock is bearish for shortterm, and stock might move down till 51.8 or till 46.4. Use a stoploss of 56.3 and if the stock hits stoploss, then it can shoot up till 60.82

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	50.05
Downside Target	52.62
Downside Target	54.01
Upside Target	56.11
Upside Target	58.60
Upside Target	60.51
Upside Target	63.55
Upside Target	67.00
Upside Target	70.50
Upside Target	70.92
Upside Target	73.40
Upside Target	74.09
Upside Target	75.99
Upside Target	76.95

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	51.59
Downside Intraday Target	48.14
Upside Intraday Target	59.52
Upside Intraday Target	64
Upside Intraday Target	56.07

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	55.04	57.99	60.55	52.62	1.621 times
06 Fri Sep 2024	55.66	55.00	57.00	50.05	0.715 times
30 Fri Aug 2024	55.04	56.20	60.51	54.01	0.92 times
23 Fri Aug 2024	57.44	70.30	70.92	56.11	7.314 times
16 Fri Aug 2024	69.04	70.00	73.40	67.00	0.85 times

Price has moved down 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
13 Fri Sep 2024	55.04	55.00	60.55	50.05	0.753 times
30 Fri Aug 2024	55.04	73.90	74.09	54.01	1.53 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

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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Megasoft in short term but the buy signal is initial and weak.

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 below the red cloud Prices appear to be moving up

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 but buying is losing 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 53.92 and Megasoft (MEGASOFT) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.