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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 2024-08-30 View latest technical analysis

10 day averaged volume of Megasoft is 783163

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	55.04	56.95	57.47	54.05	0.898 times
29 Thu Aug 2024	56.15	56.20	59.70	54.91	1.157 times
28 Wed Aug 2024	56.15	56.50	60.51	54.25	1.792 times
27 Tue Aug 2024	55.57	56.99	57.73	54.01	0.74 times
26 Mon Aug 2024	56.23	56.20	58.39	56.00	0.574 times
23 Fri Aug 2024	57.44	59.99	61.80	56.11	1.166 times
22 Thu Aug 2024	58.97	65.49	65.49	57.88	2.803 times
21 Wed Aug 2024	64.32	66.99	67.90	63.50	0.785 times
20 Tue Aug 2024	65.84	66.50	68.49	64.00	0.588 times
19 Mon Aug 2024	67.27	70.30	70.92	65.52	0.27 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 58.3, but if it comes above 58.3, then a intra day buy could be more profitable.
If you take a sell trade below 58.3, then use 58.3 as stoploss and 51.3 as target. However if you take a buy trade in stock , then use 58.3 as stoploss and 64.11 as target.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	54.01
Upside Target	56.11
Upside Target	58.60
Upside Target	60.51
Upside Target	63.55
Upside Target	66.00
Upside Target	69.50
Upside Target	73.38
Upside Target	73.40
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	52.53
Downside Intraday Target	50.02
Upside Intraday Target	59.03
Upside Intraday Target	63.02
Upside Intraday Target	56.52

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	55.04	56.20	60.51	54.01	0.92 times
23 Fri Aug 2024	57.44	70.30	70.92	56.11	7.314 times
16 Fri Aug 2024	69.04	70.00	73.40	67.00	0.85 times
09 Fri Aug 2024	70.14	68.00	73.38	66.00	0.36 times
02 Fri Aug 2024	71.03	68.95	75.00	67.36	3.467 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
30 Fri Aug 2024	55.04	73.90	74.09	54.01	1.53 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Megasoft (MEGASOFT)

Price action analysis of Megasoft ( (MEGASOFT) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

Megasoft Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling 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 58.3 and Megasoft (MEGASOFT) 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 Megasoft (MEGASOFT) stock. Volume based technical analysis of Megasoft (MEGASOFT) stock is negative.

Megasoft 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.