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(MELSTAR_BZ) Melstar Information complete technical analysis [charts+indicators] | Buy/Sell Melstar Information | (MELSTAR_BZ) share price targets

Complete technical analysis of Melstar Information (MELSTAR_BZ) by charts plus indicators, forecast predictions and share price targets for Melstar Information (MELSTAR_BZ)

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Melstar Information is 15813

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	5.50	5.50	5.50	5.00	0.712 times
05 Tue Mar 2024	5.25	5.30	5.30	4.80	1.03 times
04 Mon Mar 2024	5.05	5.30	5.55	5.05	0.743 times
02 Sat Mar 2024	5.30	5.30	5.30	5.30	0.082 times
01 Fri Mar 2024	5.30	5.65	5.75	5.25	2.575 times
29 Thu Feb 2024	5.50	5.40	5.50	5.05	0.741 times
28 Wed Feb 2024	5.25	5.35	5.60	5.10	1.318 times
27 Tue Feb 2024	5.35	5.70	5.70	5.20	2.531 times
26 Mon Feb 2024	5.45	5.45	5.45	5.45	0.719 times
23 Fri Feb 2024	5.20	5.20	5.20	5.20	0.118 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5.4, but if it comes below 5.4, then a intra day sell could be more profitable.
If you take a sell trade below 5.4, then use 5.4 as stoploss and 5.28 as target. However if you take a buy trade in stock , then use 5.4 as stoploss and 5.6 as target.

Share price targets for Melstar Information (MELSTAR_BZ)

Target Type	Value
Downside Target	2.25
Downside Target	4.10
Downside Target	4.30
Downside Target	4.55
Downside Target	4.80
Downside Target	5.00
Downside Target	5.30
Upside Target	5.55
Upside Target	5.75
Upside Target	5.90
Upside Target	6.00
Upside Target	6.30

Intraday share price targets for Melstar Information (MELSTAR_BZ)

Target Type	Value
Downside Intraday Target	5.02
Downside Intraday Target	4.53
Upside Intraday Target	5.77
Upside Intraday Target	6.03
Downside Intraday Target	5.28

Weekly technical analysis of Melstar Information (MELSTAR_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	5.50	5.30	5.55	4.80	0.312 times
02 Sat Mar 2024	5.30	5.45	5.75	5.05	2.767 times
23 Fri Feb 2024	5.20	5.30	5.30	5.00	1.887 times
16 Fri Feb 2024	5.30	5.40	5.40	5.10	9.652 times
09 Fri Feb 2024	5.50	5.90	5.90	5.50	0.179 times

Price has moved up 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 Melstar Information (MELSTAR_BZ)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	5.50	5.65	5.75	4.80	0.521 times
29 Thu Feb 2024	5.50	6.00	6.00	5.00	1.532 times
31 Wed Jan 2024	6.00	4.25	6.30	4.10	0.769 times
29 Fri Dec 2023	4.25	4.15	4.55	4.10	0.466 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 Melstar Information (MELSTAR_BZ)

Price action analysis of Melstar Information ( (MELSTAR_BZ) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Melstar Information ( (MELSTAR_BZ) ) 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 Melstar Information ( (MELSTAR_BZ) ) 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 Melstar Information ( (MELSTAR_BZ) ) 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 Melstar Information stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Melstar Information 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.

Melstar Information 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. Bears are weakening, and bulls are picking up momentum!

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 Melstar Information 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

Stock of Melstar Information is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5.32 and Melstar Information (MELSTAR_BZ) 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 Melstar Information (MELSTAR_BZ) stock. Volume based technical analysis of Melstar Information (MELSTAR_BZ) stock is negative.

Melstar Information Stock is giving positive 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.