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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 2024-10-08 View latest technical analysis

10 day averaged volume of Megastar Foods is 43395

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	258.20	264.45	288.00	253.60	1.074 times
07 Mon Oct 2024	253.50	262.00	269.95	250.00	0.252 times
04 Fri Oct 2024	266.10	269.60	277.50	264.50	0.179 times
03 Thu Oct 2024	268.20	283.90	287.90	266.85	0.391 times
01 Tue Oct 2024	281.25	283.10	296.00	275.65	0.185 times
30 Mon Sep 2024	281.60	280.50	300.70	277.00	0.781 times
27 Fri Sep 2024	279.05	288.10	296.95	276.65	0.458 times
26 Thu Sep 2024	289.30	296.95	299.00	287.20	0.562 times
25 Wed Sep 2024	300.65	267.10	318.00	267.05	6.877 times
24 Tue Sep 2024	265.70	270.50	278.00	265.10	0.147 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 265.5, but if it comes above 265.5, then a intra day buy could be more profitable.
If you take a sell trade below 265.5, then use 265.5 as stoploss and 249.1 as target. However if you take a buy trade in stock , then use 265.5 as stoploss and 279.07 as target.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	215.00
Downside Target	248.00
Upside Target	264.50
Upside Target	280.20
Upside Target	288.00
Upside Target	300.70
Upside Target	301.00
Upside Target	314.90
Upside Target	318.00
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	242.8
Downside Intraday Target	227.4
Upside Intraday Target	280.8
Upside Intraday Target	303.4
Upside Intraday Target	265.4

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	258.20	262.00	288.00	250.00	0.863 times
04 Fri Oct 2024	266.10	280.50	300.70	264.50	0.187 times
27 Fri Sep 2024	279.05	270.70	318.00	265.10	8.313 times
20 Fri Sep 2024	269.30	291.20	301.00	267.80	1.516 times
13 Fri Sep 2024	293.85	310.30	314.90	293.00	0.258 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
08 Tue Oct 2024	258.20	283.10	296.00	250.00	0.158 times
30 Mon Sep 2024	281.60	294.25	330.00	265.10	2.389 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

Scroll below to view daily charts

Price has moved down 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 to mid 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 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 Weak and stock is losing momentum.

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

Megastar Foods Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Megastar Foods in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 290 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.