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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 2024-09-10 View latest technical analysis

10 day averaged volume of Megastar Foods is 14542

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	296.80	300.70	304.95	296.00	0.434 times
09 Mon Sep 2024	299.15	310.30	314.90	298.00	0.576 times
06 Fri Sep 2024	308.70	306.00	315.00	297.00	1.01 times
05 Thu Sep 2024	302.50	308.30	312.00	302.00	0.846 times
04 Wed Sep 2024	306.70	310.40	313.85	303.55	0.243 times
03 Tue Sep 2024	313.25	317.00	330.00	310.00	2.628 times
02 Mon Sep 2024	314.45	294.25	320.70	290.60	2.795 times
30 Fri Aug 2024	293.75	302.00	302.00	292.50	0.466 times
29 Thu Aug 2024	298.10	299.30	301.95	296.00	1.066 times
28 Wed Aug 2024	299.25	301.00	308.20	297.20	0.237 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 298, but if it comes above 298, then a intra day buy could be more profitable.
If you take a sell trade below 298, then use 298 as stoploss and 290.9 as target. However if you take a buy trade in stock , then use 298 as stoploss and 303.8 as target.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	215.00
Downside Target	242.10
Downside Target	248.00
Downside Target	266.00
Downside Target	280.20
Downside Target	286.55
Upside Target	308.95
Upside Target	315.00
Upside Target	321.00
Upside Target	330.00
Upside Target	374.50

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	290.23
Downside Intraday Target	283.67
Upside Intraday Target	309.13
Upside Intraday Target	321.47
Upside Intraday Target	302.57

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	296.80	310.30	314.90	296.00	0.134 times
06 Fri Sep 2024	308.70	294.25	330.00	290.60	3.18 times
30 Fri Aug 2024	293.75	308.95	308.95	292.50	0.521 times
23 Fri Aug 2024	300.90	310.95	321.00	296.85	1.153 times
16 Fri Aug 2024	310.95	295.00	315.00	286.55	0.878 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 Megastar Foods (MEGASTAR)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	296.80	294.25	330.00	290.60	0.519 times
30 Fri Aug 2024	293.75	303.00	321.00	280.20	0.255 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

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 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 Megastar Foods ( (MEGASTAR) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing momentum.

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

Megastar Foods Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Megastar Foods in short term and SELL 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

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 307.84 and Megastar Foods (MEGASTAR) 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 Megastar Foods (MEGASTAR) stock. Volume based technical analysis of Megastar Foods (MEGASTAR) stock is negative.

Megastar Foods Stock has given negative 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.