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(MelstarInfo) Melstar Info complete technical analysis [charts+indicators] | Buy/Sell Melstar Info | (MelstarInfo) share price targets

Complete technical analysis of Melstar Info (MelstarInfo) by charts plus indicators, forecast predictions and share price targets for Melstar Info (MelstarInfo)

Showing technical analysis as on 2023-05-29 View latest technical analysis

10 day averaged volume of Melstar Info is 6649

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon May 2023	2.77	2.74	2.79	2.73	0.529 times
26 Fri May 2023	2.66	2.65	2.67	2.45	0.775 times
25 Thu May 2023	2.55	2.54	2.57	2.54	0.603 times
24 Wed May 2023	2.45	2.45	2.45	2.44	1.328 times
23 Tue May 2023	2.34	2.19	2.34	2.19	4.604 times
22 Mon May 2023	2.23	2.23	2.23	2.23	0.075 times
19 Fri May 2023	2.27	2.17	2.27	2.17	0.098 times
17 Wed May 2023	2.27	2.29	2.29	2.20	0.093 times
16 Tue May 2023	2.20	2.09	2.20	2.09	0.926 times
15 Mon May 2023	2.20	2.07	2.20	2.00	1.038 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2.7, for a target of 2.5 or 2.35

Share price targets for Melstar Info (MelstarInfo)

Target Type	Value
Downside Target	2.00
Downside Target	2.06
Downside Target	2.19
Downside Target	2.25
Downside Target	2.34
Downside Target	2.52
Downside Target	2.67
Downside Target	2.73
Upside Target	2.79
Upside Target	2.94
Upside Target	3.10

Intraday share price targets for Melstar Info (MelstarInfo)

Target Type	Value
Downside Intraday Target	2.74
Downside Intraday Target	2.7
Upside Intraday Target	2.8
Upside Intraday Target	2.82
Downside Intraday Target	2.76

Weekly technical analysis of Melstar Info (MelstarInfo)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon May 2023	2.77	2.74	2.79	2.73	0.072 times
26 Fri May 2023	2.66	2.23	2.67	2.19	3.426 times
19 Fri May 2023	2.27	2.07	2.29	2.00	4.687 times
08 Mon May 2023	2.10	2.06	2.10	2.06	0.408 times
04 Thu May 2023	2.12	2.25	2.34	2.12	8.261 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 Melstar Info (MelstarInfo)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon May 2023	2.77	2.25	2.79	2.00	24.095 times
28 Fri Apr 2023	2.35	2.52	2.57	2.25	0.015 times
29 Wed Mar 2023	2.52	2.55	2.94	2.37	7.702 times
28 Tue Feb 2023	2.55	3.05	3.10	2.55	5.335 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 Melstar Info (MelstarInfo)

Price action analysis of Melstar Info ( (MelstarInfo) ) 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 Melstar Info ( (MelstarInfo) ) 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 Melstar Info ( (MelstarInfo) ) 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 Melstar Info stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Melstar Info 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.

Melstar Info 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Melstar Info in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 Melstar Info is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.38 and Melstar Info (MelstarInfo) 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 Melstar Info (MelstarInfo) stock. Volume based technical analysis of Melstar Info (MelstarInfo) stock is negative.

Melstar Info 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.