Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-27 View latest technical analysis

10 day averaged volume of Megasoft is 1613229

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	68.63	72.01	73.32	68.40	0.765 times
26 Thu Sep 2024	72.00	76.00	76.00	72.00	0.664 times
25 Wed Sep 2024	75.79	70.00	76.90	69.50	1.873 times
24 Tue Sep 2024	71.12	65.34	71.12	65.01	1.15 times
23 Mon Sep 2024	64.66	62.09	66.78	62.00	1.111 times
20 Fri Sep 2024	61.77	64.99	66.20	61.10	0.275 times
19 Thu Sep 2024	63.05	65.00	66.50	59.82	0.682 times
18 Wed Sep 2024	65.02	64.20	68.75	62.60	1.985 times
17 Tue Sep 2024	62.98	58.60	62.98	57.30	1.568 times
16 Mon Sep 2024	57.26	57.45	59.49	56.14	0.483 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 67.3, but if it comes below 67.3, then a intra day sell could be more profitable.
If you take a sell trade below 67.3, then use 67.3 as stoploss and 59.77 as target. However if you take a buy trade in stock , then use 67.3 as stoploss and 76.4 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	56.14
Downside Target	58.60
Downside Target	60.51
Downside Target	62.00
Downside Target	63.55
Upside Target	68.75
Upside Target	70.50
Upside Target	74.09
Upside Target	75.99
Upside Target	76.90
Upside Target	76.95

Intraday share price targets for Megasoft (MEGASOFT)

Target Type	Value
Downside Intraday Target	61.45
Downside Intraday Target	54.28
Upside Intraday Target	76.35
Upside Intraday Target	84.08
Upside Intraday Target	69.18

Weekly technical analysis of Megasoft (MEGASOFT)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	68.63	62.09	76.90	62.00	1.114 times
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

Price has moved up 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
27 Fri Sep 2024	68.63	55.00	76.90	50.05	2.445 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 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 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 67.39 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.