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(MEGASOFT) Megasoft complete technical analysis [charts+indicators] | Buy/Sell Megasoft | (MEGASOFT) share price targets

Complete technical analysis of Megasoft (MEGASOFT) by charts plus indicators, forecast predictions and share price targets for Megasoft (MEGASOFT)

Megasoft trades in NSE in IT Software Products sector.

Showing technical analysis as on 2024-07-15 View latest technical analysis

10 day averaged volume of Megasoft is 358063

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	68.20	70.50	70.50	68.01	0.467 times
12 Fri Jul 2024	70.90	70.00	72.90	70.00	0.45 times
11 Thu Jul 2024	69.75	68.80	71.07	67.11	0.491 times
10 Wed Jul 2024	67.69	70.06	71.39	67.00	0.577 times
09 Tue Jul 2024	70.25	70.35	71.77	70.00	0.28 times
08 Mon Jul 2024	70.35	74.70	75.99	70.07	1.333 times
05 Fri Jul 2024	73.76	71.00	74.06	70.83	0.934 times
04 Thu Jul 2024	70.54	70.84	72.61	70.25	0.598 times
03 Wed Jul 2024	70.84	71.03	73.90	69.86	1.182 times
02 Tue Jul 2024	71.03	69.60	71.07	67.75	3.61 times

My analysis of stock is bearish for shortterm, and stock might move down till 66.3 or till 63.7. Use a stoploss of 68.57 and if the stock hits stoploss, then it can shoot up till 70.8

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	58.60
Downside Target	63.60
Upside Target	69.50
Upside Target	70.50
Upside Target	74.06
Upside Target	75.99
Upside Target	76.95
Upside Target	93.90
Upside Target	107.25

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	67.31
Downside Intraday Target	66.41
Upside Intraday Target	69.8
Upside Intraday Target	71.39
Upside Intraday Target	68.9

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	68.20	70.50	70.50	68.01	0.149 times
12 Fri Jul 2024	70.90	74.70	75.99	67.00	0.456 times
05 Fri Jul 2024	73.76	64.76	74.06	64.76	4.151 times
28 Fri Jun 2024	64.47	69.02	69.99	64.00	0.98 times
21 Fri Jun 2024	68.37	67.00	69.80	65.74	0.71 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 Megasoft (MEGASOFT)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	68.20	64.76	75.99	64.76	1.177 times
28 Fri Jun 2024	64.47	70.50	70.50	58.60	0.711 times
31 Fri May 2024	67.15	74.85	76.95	63.60	0.817 times
30 Tue Apr 2024	73.35	93.90	93.90	69.50	0.431 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 Megasoft (MEGASOFT)

Price action analysis of Megasoft ( (MEGASOFT) ) 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 Megasoft ( (MEGASOFT) ) 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 Megasoft ( (MEGASOFT) ) 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 Megasoft ( (MEGASOFT) ) 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 Megasoft stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Megasoft in short term and the buy signal is strong.

Megasoft 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 getting stronger in this stock.

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

CCI has generated a SELL signal for Megasoft in short term and SELL signal is strong!

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 Megasoft is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 70.72 and Megasoft (MEGASOFT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Megasoft (MEGASOFT) stock. Volume based technical analysis of Megasoft (MEGASOFT) stock is negative.

Megasoft 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.