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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)

Showing technical analysis as on 2023-03-21 View latest technical analysis

10 day averaged volume of Megasoft is 23621

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	23.63	23.75	25.50	23.40	1.265 times
20 Mon Mar 2023	23.88	24.40	24.50	23.25	1.113 times
17 Fri Mar 2023	24.23	24.00	24.95	24.00	0.914 times
16 Thu Mar 2023	24.33	24.15	24.54	23.30	1.205 times
15 Wed Mar 2023	24.95	26.70	26.75	24.45	0.586 times
14 Tue Mar 2023	25.94	25.65	26.20	25.31	1.919 times
13 Mon Mar 2023	26.33	26.97	27.21	26.00	0.706 times
10 Fri Mar 2023	26.97	27.21	27.45	26.80	0.41 times
09 Thu Mar 2023	27.50	28.19	28.19	27.50	1.34 times
08 Wed Mar 2023	27.67	27.25	28.10	27.10	0.451 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.8, but if it comes above 24.8, then a intra day buy could be more profitable.
If you take a sell trade below 24.8, then use 24.8 as stoploss and 22.8 as target. However if you take a buy trade in stock , then use 24.8 as stoploss and 26.43 as target.

Share price targets for Megasoft (Megasoft)

Target Type	Value
Downside Target	22.70
Downside Target	23.25
Upside Target	25.50
Upside Target	26.55
Upside Target	28.85
Upside Target	29.65
Upside Target	30.25
Upside Target	31.85
Upside Target	33.00
Upside Target	33.80
Upside Target	37.50
Upside Target	42.40

Intraday share price targets for Megasoft (Megasoft)

Target Type	Value
Downside Intraday Target	22.75
Downside Intraday Target	21.88
Upside Intraday Target	25
Upside Intraday Target	26.38
Upside Intraday Target	24.13

Weekly technical analysis of Megasoft (Megasoft)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	23.63	24.40	25.50	23.25	0.446 times
17 Fri Mar 2023	24.23	26.97	27.21	23.30	1.498 times
10 Fri Mar 2023	26.97	29.40	29.40	26.80	0.741 times
03 Fri Mar 2023	27.55	28.40	29.65	26.55	0.479 times
24 Fri Feb 2023	27.95	29.65	30.25	22.70	2.645 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 Megasoft (Megasoft)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	23.63	28.15	29.65	23.25	0.648 times
28 Tue Feb 2023	29.00	30.00	33.00	22.70	1.461 times
31 Tue Jan 2023	30.15	33.20	33.80	28.85	0.792 times
30 Fri Dec 2022	32.80	37.10	37.50	29.25	0.589 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 Megasoft (Megasoft)

Price action analysis of Megasoft ( (Megasoft) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Megasoft ( (Megasoft) ) 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 Megasoft ( (Megasoft) ) 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

Megasoft 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 buy signal for Megasoft in short term but BUY signal is weak.

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 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 25.36 and Megasoft (Megasoft) 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 Megasoft (Megasoft) stock. Volume based technical analysis of Megasoft (Megasoft) stock is negative.

Megasoft 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.