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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 2024-07-12 View latest technical analysis

10 day averaged volume of Megastar Foods is 16267

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	334.05	284.00	334.05	280.00	16.943 times
11 Thu Jul 2024	278.40	284.00	288.00	276.15	0.858 times
10 Wed Jul 2024	280.50	275.90	284.00	270.00	2.356 times
09 Tue Jul 2024	273.20	260.00	276.00	255.85	3.217 times
08 Mon Jul 2024	257.65	260.20	262.95	256.00	0.343 times
05 Fri Jul 2024	260.20	260.80	263.00	256.05	0.41 times
04 Thu Jul 2024	259.40	259.95	263.00	255.55	0.409 times
03 Wed Jul 2024	258.75	250.05	261.15	248.60	0.932 times
02 Tue Jul 2024	250.05	252.75	254.20	248.00	0.359 times
01 Mon Jul 2024	253.00	253.25	256.90	248.05	0.578 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 304.1, for a target of 280.4 or 260.65

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
Downside Target	298.40
Downside Target	308.95
Downside Target	334.05
Upside Target	347.00

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	281.92
Downside Intraday Target	229.78
Upside Intraday Target	360.12
Upside Intraday Target	386.18
Downside Intraday Target	307.98

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	334.05	260.20	334.05	255.85	8.824 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
12 Fri Jul 2024	334.05	253.25	334.05	248.00	2.37 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, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 311.18 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.