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(MEGASTAR) Megastar Foods complete technical analysis [charts+indicators] | Buy/Sell Megastar Foods | (MEGASTAR) share price targets

Complete technical analysis of Megastar Foods (MEGASTAR) by charts plus indicators, forecast predictions and share price targets for Megastar Foods (MEGASTAR)

Showing technical analysis as on 2024-07-10 View latest technical analysis

10 day averaged volume of Megastar Foods is 11671

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	280.50	275.90	284.00	270.00	3.284 times
09 Tue Jul 2024	273.20	260.00	276.00	255.85	4.484 times
08 Mon Jul 2024	257.65	260.20	262.95	256.00	0.478 times
05 Fri Jul 2024	260.20	260.80	263.00	256.05	0.571 times
04 Thu Jul 2024	259.40	259.95	263.00	255.55	0.57 times
03 Wed Jul 2024	258.75	250.05	261.15	248.60	1.299 times
02 Tue Jul 2024	250.05	252.75	254.20	248.00	0.5 times
01 Mon Jul 2024	253.00	253.25	256.90	248.05	0.806 times
28 Fri Jun 2024	252.98	242.63	257.15	241.82	0.75 times
27 Thu Jun 2024	242.47	243.95	243.95	242.10	0.235 times

Stock of Megastar Foods (MEGASTAR) has showed a significant upmove. This could be a good time to enter in this stock!

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 275.7, for a target of 264.9 or 255.84

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	215.00
Downside Target	241.82
Downside Target	255.85
Downside Target	266.00
Downside Target	266.35
Upside Target	284.00
Upside Target	298.40
Upside Target	308.95
Upside Target	347.00

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	262.9
Downside Intraday Target	245.3
Upside Intraday Target	291.05
Upside Intraday Target	301.6
Downside Intraday Target	273.45

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	280.50	260.20	284.00	255.85	2.201 times
05 Fri Jul 2024	260.20	253.25	263.00	248.00	1.356 times
28 Fri Jun 2024	252.98	253.45	257.15	241.82	0.905 times
21 Fri Jun 2024	252.15	261.00	264.60	245.00	0.938 times
14 Fri Jun 2024	262.82	252.65	266.00	250.55	0.504 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Megastar Foods (MEGASTAR)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	280.50	253.25	284.00	248.00	0.772 times
28 Fri Jun 2024	252.98	258.00	266.00	215.00	0.881 times
31 Fri May 2024	247.75	292.90	298.40	242.10	1.283 times
30 Tue Apr 2024	288.80	269.00	308.95	266.35	0.362 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 Megastar Foods (MEGASTAR)

Price action analysis of Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Megastar Foods 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.

Megastar Foods 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 Megastar Foods in short term and BUY 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 Megastar Foods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 267.98 and Megastar Foods (MEGASTAR) 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 Megastar Foods (MEGASTAR) stock. Volume based technical analysis of Megastar Foods (MEGASTAR) stock is negative.

Megastar Foods 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.