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(MEGASOFT_BE) Megasoft complete technical analysis [charts+indicators] | Buy/Sell Megasoft | (MEGASOFT_BE) share price targets

Complete technical analysis of Megasoft (MEGASOFT_BE) by charts plus indicators, forecast predictions and share price targets for Megasoft (MEGASOFT_BE)

Showing technical analysis as on 2024-11-05 View latest technical analysis

10 day averaged volume of Megasoft is 265421

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	74.38	75.67	75.67	72.33	0.587 times
04 Mon Nov 2024	74.29	73.10	75.98	70.00	1.76 times
01 Fri Nov 2024	72.37	71.70	72.39	70.00	1.504 times
31 Thu Oct 2024	68.95	67.00	69.70	67.00	0.296 times
30 Wed Oct 2024	66.65	65.55	68.80	65.55	0.234 times
29 Tue Oct 2024	67.67	66.71	67.90	66.00	0.292 times
28 Mon Oct 2024	66.71	65.00	67.90	62.50	0.538 times
25 Fri Oct 2024	65.40	67.10	71.45	65.40	0.844 times
24 Thu Oct 2024	68.85	71.01	72.48	68.85	1.662 times
23 Wed Oct 2024	72.48	72.49	72.49	67.30	2.418 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 75.4, for a target of 70.9 or 67.22

Share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Target	47.00
Downside Target	56.65
Downside Target	59.50
Downside Target	61.01
Downside Target	65.40
Downside Target	67.15
Downside Target	70.00
Downside Target	72.39
Downside Target	72.49
Upside Target	75.00
Upside Target	75.98

Intraday share price targets for Megasoft (MEGASOFT_BE)

Target Type	Value
Downside Intraday Target	70.93
Downside Intraday Target	67.47
Upside Intraday Target	76.91
Upside Intraday Target	79.43
Downside Intraday Target	73.45

Weekly technical analysis of Megasoft (MEGASOFT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	74.38	73.10	75.98	70.00	0.82 times
01 Fri Nov 2024	72.37	65.00	72.39	62.50	0.52 times
25 Fri Oct 2024	65.40	65.76	72.49	65.40	4.268 times
18 Fri Oct 2024	62.63	64.75	65.50	61.01	0.894 times
11 Fri Oct 2024	65.39	66.00	68.38	61.31	0.431 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	74.38	71.70	75.98	70.00	0.401 times
31 Thu Oct 2024	68.95	66.00	72.49	61.01	1.173 times
16 Fri Feb 2024	69.55	60.25	75.00	59.50	0.615 times
31 Wed Jan 2024	59.35	68.45	71.00	56.65	1.149 times

Scroll below to view daily charts

Price has moved up 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_BE)

Price action analysis of Megasoft ( (MEGASOFT_BE) ) 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_BE) ) 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_BE) ) 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 Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 71.02 and Megasoft (MEGASOFT_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Megasoft (MEGASOFT_BE) stock. Volume based technical analysis of Megasoft (MEGASOFT_BE) 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.