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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 2024-08-01 View latest technical analysis

10 day averaged volume of Megasoft is 249510

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	72.18	73.90	74.09	72.00	0.615 times
31 Wed Jul 2024	73.17	73.00	75.00	72.50	1.123 times
30 Tue Jul 2024	73.69	70.24	73.74	70.24	4.26 times
29 Mon Jul 2024	70.23	68.95	70.30	67.36	1.216 times
26 Fri Jul 2024	66.96	66.76	68.00	66.70	0.401 times
25 Thu Jul 2024	66.76	66.90	68.16	66.20	0.34 times
24 Wed Jul 2024	66.90	68.50	68.50	66.10	0.433 times
23 Tue Jul 2024	67.03	67.00	68.60	63.55	0.547 times
22 Mon Jul 2024	66.56	67.05	69.47	66.11	0.55 times
19 Fri Jul 2024	66.26	68.99	70.50	66.00	0.476 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 71.9, but if it comes below 71.9, then a intra day sell could be more profitable.
If you take a sell trade below 71.9, then use 71.9 as stoploss and 69.5 as target. However if you take a buy trade in stock , then use 71.9 as stoploss and 74.8 as target.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	58.60
Downside Target	63.55
Downside Target	69.47
Downside Target	72.00
Upside Target	74.06
Upside Target	74.09
Upside Target	75.00
Upside Target	75.99
Upside Target	76.95
Upside Target	93.90

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	68.03
Downside Intraday Target	63.87
Upside Intraday Target	75.67
Upside Intraday Target	79.15
Downside Intraday Target	71.51

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	72.18	68.95	75.00	67.36	3.178 times
26 Fri Jul 2024	66.96	67.05	69.47	63.55	0.723 times
19 Fri Jul 2024	66.26	70.50	71.61	66.00	0.699 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

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 Megasoft (MEGASOFT)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	72.18	73.90	74.09	72.00	0.023 times
31 Wed Jul 2024	73.17	64.76	75.99	63.55	2.066 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

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 Megasoft (MEGASOFT)

Price action analysis of Megasoft ( (MEGASOFT) ) based on a short 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Megasoft stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

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

Megasoft Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Megasoft in short term but SELL signal is weak.

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

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 71.2 and Megasoft (MEGASOFT) 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 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.