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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 2024-08-08 View latest technical analysis

10 day averaged volume of Megasoft is 255994

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	70.06	67.96	72.00	67.96	0.782 times
07 Wed Aug 2024	67.96	66.99	68.35	66.37	0.404 times
06 Tue Aug 2024	66.06	68.40	69.15	66.00	0.52 times
05 Mon Aug 2024	67.50	68.00	69.90	67.47	0.684 times
02 Fri Aug 2024	71.03	71.80	72.00	70.05	0.639 times
01 Thu Aug 2024	72.18	73.90	74.09	72.00	0.599 times
31 Wed Jul 2024	73.17	73.00	75.00	72.50	1.094 times
30 Tue Jul 2024	73.69	70.24	73.74	70.24	4.152 times
29 Mon Jul 2024	70.23	68.95	70.30	67.36	1.185 times
26 Fri Jul 2024	66.96	66.76	68.00	66.70	0.391 times

My analysis of stock is bullish for shortterm, and stock might move up till 71.3 or till 74.1. Use a stoploss of 69 and if this stock hits its stoploss, then it can fall down till 66.69

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	58.60
Downside Target	63.55
Downside Target	66.00
Downside Target	69.47
Upside Target	71.61
Upside Target	72.00
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	66.71
Downside Intraday Target	63.35
Upside Intraday Target	72.71
Upside Intraday Target	75.35
Downside Intraday Target	69.35

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	70.06	68.00	72.00	66.00	0.312 times
02 Fri Aug 2024	71.03	68.95	75.00	67.36	3.467 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

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
08 Thu Aug 2024	70.06	73.90	74.09	66.00	0.141 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Megasoft ( (MEGASOFT) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a SELL signal for Megasoft 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.

Megasoft 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Megasoft 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 Megasoft is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 71.46 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.