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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 2024-09-20 View latest technical analysis

10 day averaged volume of Megasoft is 1298655

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	61.77	64.99	66.20	61.10	0.342 times
19 Thu Sep 2024	63.05	65.00	66.50	59.82	0.848 times
18 Wed Sep 2024	65.02	64.20	68.75	62.60	2.466 times
17 Tue Sep 2024	62.98	58.60	62.98	57.30	1.948 times
16 Mon Sep 2024	57.26	57.45	59.49	56.14	0.6 times
13 Fri Sep 2024	55.04	55.30	55.55	54.43	0.259 times
12 Thu Sep 2024	54.30	54.90	56.50	53.27	0.681 times
11 Wed Sep 2024	53.46	54.32	54.90	52.62	0.235 times
10 Tue Sep 2024	54.32	56.50	57.24	53.21	0.49 times
09 Mon Sep 2024	55.38	57.99	60.55	54.40	1.943 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 60.1, but if it comes below 60.1, then a intra day sell could be more profitable.
If you take a sell trade below 60.1, then use 60.1 as stoploss and 56.12 as target. However if you take a buy trade in stock , then use 60.1 as stoploss and 64.9 as target.

Share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Target	50.05
Downside Target	52.62
Downside Target	54.01
Downside Target	56.11
Downside Target	58.60
Downside Target	60.51
Upside Target	63.55
Upside Target	68.75
Upside Target	70.50
Upside Target	70.92
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	55.69
Downside Intraday Target	49.61
Upside Intraday Target	68.3
Upside Intraday Target	74.83
Upside Intraday Target	62.22

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	61.77	57.45	68.75	56.14	1.719 times
13 Fri Sep 2024	55.04	57.99	60.55	52.62	1.621 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

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
20 Fri Sep 2024	61.77	55.00	68.75	50.05	1.553 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 up 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 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 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 Strong and stock is losing 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 positive zone. This is a BUY 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 60.13 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.