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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 2024-03-27 View latest technical analysis

10 day averaged volume of Megastar Foods is 27129

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	275.95	283.95	284.95	275.00	3.211 times
26 Tue Mar 2024	277.75	292.95	292.95	274.55	1.383 times
22 Fri Mar 2024	289.30	281.00	291.65	281.00	0.548 times
21 Thu Mar 2024	287.95	288.80	290.95	284.60	2.005 times
20 Wed Mar 2024	288.20	292.00	293.40	280.10	0.219 times
19 Tue Mar 2024	283.95	291.25	291.25	282.10	0.357 times
18 Mon Mar 2024	289.50	284.40	293.85	278.35	0.616 times
15 Fri Mar 2024	282.40	287.45	290.40	277.15	0.799 times
14 Thu Mar 2024	282.45	280.00	301.20	275.05	1.008 times
13 Wed Mar 2024	276.35	298.95	305.45	270.55	1.951 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 280.7, but if it comes above 280.7, then a intra day buy could be more profitable.
If you take a sell trade below 280.7, then use 280.7 as stoploss and 249.9 as target. However if you take a buy trade in stock , then use 280.7 as stoploss and 306.31 as target.

Share price targets for Megastar Foods (MEGASTAR)

Target Type	Value
Downside Target	270.55
Upside Target	292.95
Upside Target	305.90
Upside Target	316.85
Upside Target	330.00
Upside Target	343.25
Upside Target	352.00
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	269.35
Downside Intraday Target	262.75
Upside Intraday Target	287.75
Upside Intraday Target	299.55
Upside Intraday Target	281.15

Weekly technical analysis of Megastar Foods (MEGASTAR)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	275.95	292.95	292.95	274.55	1.227 times
22 Fri Mar 2024	289.30	284.40	293.85	278.35	0.684 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

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 Megastar Foods (MEGASTAR)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	275.95	347.00	347.00	270.55	0.661 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 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 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 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.

Megastar Foods 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 Megastar Foods 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

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 280.93 and Megastar Foods (MEGASTAR) 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 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.