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(MEGASTAR) Megastar Foods complete technical analysis [charts+indicators] | Buy/Sell Megastar Foods | (MEGASTAR) share price targets

Complete technical analysis of Megastar Foods (MEGASTAR) by charts plus indicators, forecast predictions and share price targets for Megastar Foods (MEGASTAR)

Showing technical analysis as on 2024-03-21 View latest technical analysis

10 day averaged volume of Megastar Foods is 20338

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	287.95	288.80	290.95	284.60	2.675 times
20 Wed Mar 2024	288.20	292.00	293.40	280.10	0.292 times
19 Tue Mar 2024	283.95	291.25	291.25	282.10	0.477 times
18 Mon Mar 2024	289.50	284.40	293.85	278.35	0.821 times
15 Fri Mar 2024	282.40	287.45	290.40	277.15	1.065 times
14 Thu Mar 2024	282.45	280.00	301.20	275.05	1.344 times
13 Wed Mar 2024	276.35	298.95	305.45	270.55	2.602 times
12 Tue Mar 2024	294.65	320.00	320.25	291.55	1.486 times
11 Mon Mar 2024	313.15	332.75	332.75	310.55	0.81 times
07 Thu Mar 2024	323.15	317.75	330.05	316.85	0.284 times

Stock of Megastar Foods (MEGASTAR) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 289.5, but if it comes above 289.5, then a intra day buy could be more profitable.
If you take a sell trade below 289.5, then use 289.5 as stoploss and 257.3 as target. However if you take a buy trade in stock , then use 289.5 as stoploss and 316.29 as target.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	270.55
Downside Target	278.35
Upside Target	293.85
Upside Target	305.90
Upside Target	316.85
Upside Target	330.00
Upside Target	352.55
Upside Target	360.50
Upside Target	369.95
Upside Target	380.00
Upside Target	395.00
Upside Target	404.95

Intraday share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Intraday Target	279.58
Downside Intraday Target	271.22
Upside Intraday Target	295.08
Upside Intraday Target	302.22
Downside Intraday Target	286.72

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	287.95	284.40	293.85	278.35	0.584 times
15 Fri Mar 2024	282.40	332.75	332.75	270.55	4.501 times
07 Thu Mar 2024	323.15	341.00	343.25	316.85	0.384 times
02 Sat Mar 2024	343.20	359.00	360.50	330.00	0.288 times
23 Fri Feb 2024	356.20	349.00	369.95	338.20	2.09 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 Megastar Foods (MEGASTAR)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	287.95	347.00	347.00	270.55	0.439 times
29 Thu Feb 2024	340.45	361.05	369.95	305.90	1.585 times
31 Wed Jan 2024	364.60	365.00	380.00	352.00	0.446 times
29 Fri Dec 2023	366.05	395.00	395.00	352.55	0.642 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 Megastar Foods (MEGASTAR)

Price action analysis of Megastar Foods ( (MEGASTAR) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods ( (MEGASTAR) ) 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 Megastar Foods stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Megastar Foods 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 below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Megastar Foods in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Megastar Foods is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 287.64 and Megastar Foods (MEGASTAR) 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 Megastar Foods (MEGASTAR) stock. Volume based technical analysis of Megastar Foods (MEGASTAR) stock is negative.

Megastar Foods 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.