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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 2024-09-12 View latest technical analysis

10 day averaged volume of Megasoft is 796384

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	54.30	54.90	56.50	53.27	1.11 times
11 Wed Sep 2024	53.46	54.32	54.90	52.62	0.384 times
10 Tue Sep 2024	54.32	56.50	57.24	53.21	0.799 times
09 Mon Sep 2024	55.38	57.99	60.55	54.40	3.168 times
06 Fri Sep 2024	55.66	52.04	55.66	52.04	0.867 times
05 Thu Sep 2024	50.60	51.95	52.80	50.21	0.368 times
04 Wed Sep 2024	51.22	50.50	52.70	50.05	0.624 times
03 Tue Sep 2024	51.66	52.40	53.85	51.10	0.625 times
02 Mon Sep 2024	51.45	55.00	57.00	51.01	1.143 times
30 Fri Aug 2024	55.04	56.95	57.47	54.05	0.883 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 51.7 as stoploss in an intra day buy trade for a target of 57. However, stock will show a bearish move below 51.7.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	50.05
Downside Target	52.62
Downside Target	54.01
Upside Target	56.11
Upside Target	58.60
Upside Target	60.51
Upside Target	63.55
Upside Target	67.00
Upside Target	70.50
Upside Target	70.92
Upside Target	73.40
Upside Target	74.09
Upside Target	75.99
Upside Target	76.95

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	51.1
Downside Intraday Target	47.89
Upside Intraday Target	59.03
Upside Intraday Target	63.75
Upside Intraday Target	55.82

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	54.30	57.99	60.55	52.62	1.505 times
06 Fri Sep 2024	55.66	55.00	57.00	50.05	0.715 times
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

Price has moved down 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
12 Thu Sep 2024	54.30	55.00	60.55	50.05	0.719 times
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

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 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Megasoft in short term but the buy 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 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 red color and prices are below 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 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 53.97 and Megasoft (MEGASOFT) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.