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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 2024-10-03 View latest technical analysis

10 day averaged volume of Megasoft is 1453613

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	65.88	67.40	68.69	65.55	0.152 times
01 Tue Oct 2024	68.78	67.65	69.50	67.65	0.201 times
30 Mon Sep 2024	67.45	68.00	68.68	65.21	0.358 times
27 Fri Sep 2024	68.63	72.01	73.32	68.40	0.849 times
26 Thu Sep 2024	72.00	76.00	76.00	72.00	0.737 times
25 Wed Sep 2024	75.79	70.00	76.90	69.50	2.079 times
24 Tue Sep 2024	71.12	65.34	71.12	65.01	1.277 times
23 Mon Sep 2024	64.66	62.09	66.78	62.00	1.233 times
20 Fri Sep 2024	61.77	64.99	66.20	61.10	0.305 times
19 Thu Sep 2024	63.05	65.00	66.50	59.82	0.757 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 69.2 as stoploss in an intra day sell trade for a target of 62.16. However, stock will show a bullish move above 69.2.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	50.05
Downside Target	52.62
Downside Target	54.01
Downside Target	56.14
Downside Target	58.60
Downside Target	60.55
Downside Target	62.00
Downside Target	63.55
Downside Target	65.21
Upside Target	68.75
Upside Target	70.50
Upside Target	74.09
Upside Target	75.99
Upside Target	76.90

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	64.23
Downside Intraday Target	62.57
Upside Intraday Target	68.52
Upside Intraday Target	71.15
Upside Intraday Target	66.86

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	65.88	68.00	69.50	65.21	0.115 times
27 Fri Sep 2024	68.63	62.09	76.90	62.00	1.114 times
20 Fri Sep 2024	61.77	57.45	68.75	56.14	1.719 times
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

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
03 Thu Oct 2024	65.88	67.65	69.50	65.55	0.02 times
30 Mon Sep 2024	67.45	55.00	76.90	50.05	2.497 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 neutral. A longer time frame might give a better analysis.

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.

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 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 69.7 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.