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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 2024-08-09 View latest technical analysis

10 day averaged volume of Megastar Foods is 9410

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	310.20	301.10	320.00	301.10	2.134 times
08 Thu Aug 2024	301.10	297.75	304.00	293.80	0.732 times
07 Wed Aug 2024	293.35	284.10	295.00	281.95	1.782 times
06 Tue Aug 2024	282.65	282.80	293.00	280.20	0.703 times
05 Mon Aug 2024	282.80	296.10	302.00	281.20	1.583 times
02 Fri Aug 2024	300.60	295.60	305.95	295.60	0.696 times
01 Thu Aug 2024	298.30	303.00	308.40	296.35	1.005 times
31 Wed Jul 2024	302.35	312.30	312.30	301.15	0.739 times
30 Tue Jul 2024	303.25	295.00	310.00	293.90	0.95 times
29 Mon Jul 2024	293.50	308.90	309.00	292.00	0.819 times

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

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 314.3 as stoploss in an intra day sell trade for a target of 302.66. However, stock will show a bullish move above 314.3.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	215.00
Downside Target	242.10
Downside Target	248.00
Downside Target	255.85
Downside Target	266.00
Downside Target	272.30
Downside Target	280.20
Downside Target	288.30
Downside Target	298.40
Downside Target	308.95
Upside Target	320.00
Upside Target	334.05
Upside Target	374.50

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	286.93
Downside Intraday Target	263.67
Upside Intraday Target	326.73
Upside Intraday Target	343.27
Downside Intraday Target	303.47

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	310.20	296.10	320.00	280.20	1.648 times
02 Fri Aug 2024	300.60	308.90	312.30	292.00	0.368 times
26 Fri Jul 2024	307.25	292.05	314.30	272.30	0.285 times
19 Fri Jul 2024	292.05	363.95	374.50	288.30	0.98 times
12 Fri Jul 2024	334.05	260.20	334.05	255.85	8.824 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
09 Fri Aug 2024	310.20	303.00	320.00	280.20	0.087 times
31 Wed Jul 2024	302.35	253.25	374.50	248.00	5.18 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a mid to longer 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.

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 SELL signal for Megastar Foods in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Megastar Foods 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. Bulls 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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Megastar Foods is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 297.26 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.