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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.

10 day averaged volume of Megasoft is 280105

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	74.25	70.05	74.25	69.50	1.292 times
18 Thu Apr 2024	70.75	72.50	73.95	70.15	1.027 times
16 Tue Apr 2024	71.85	71.50	74.25	70.90	1.076 times
15 Mon Apr 2024	74.50	76.55	76.80	74.50	1.24 times
12 Fri Apr 2024	78.40	81.00	82.30	77.60	0.958 times
10 Wed Apr 2024	80.90	86.60	87.00	80.60	1.103 times
09 Tue Apr 2024	84.85	88.80	88.80	84.50	0.431 times
08 Mon Apr 2024	88.25	87.40	90.00	83.85	1.048 times
05 Fri Apr 2024	86.20	89.00	89.25	85.10	0.799 times
04 Thu Apr 2024	87.95	92.00	92.40	87.50	1.004 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 74.2 as stoploss in an intra day buy trade for a target of 80.93. However, stock will show a bearish move below 74.2.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	28.60
Downside Target	37.50
Downside Target	43.55
Downside Target	57.50
Downside Target	67.25
Downside Target	69.50
Upside Target	75.90
Upside Target	85.10
Upside Target	89.45
Upside Target	90.00
Upside Target	93.90
Upside Target	106.35
Upside Target	107.25

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	70.23
Downside Intraday Target	66.22
Upside Intraday Target	77.53
Upside Intraday Target	80.82
Downside Intraday Target	73.52

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	74.25	76.55	76.80	69.50	1.309 times
12 Fri Apr 2024	78.40	87.40	90.00	77.60	0.562 times
05 Fri Apr 2024	86.20	93.90	93.90	85.10	1.362 times
28 Thu Mar 2024	89.45	77.40	89.45	75.90	1.074 times
22 Fri Mar 2024	77.30	75.40	78.30	70.60	0.298 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
19 Fri Apr 2024	74.25	93.90	93.90	69.50	0.319 times
28 Thu Mar 2024	89.45	90.95	107.25	67.25	0.993 times
29 Thu Feb 2024	87.95	77.10	106.35	76.00	0.924 times
21 Mon Aug 2023	51.80	38.85	57.50	37.50	1.291 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 neutral. A longer time frame might give a better analysis.

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 but the sell signal is initial and weak.

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 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 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 79.06 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.