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

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

10 day averaged volume of Megrisoft is 468

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Oct 2023	94.65	95.00	96.00	90.25	0.47 times
29 Fri Sep 2023	94.80	95.90	95.90	88.40	0.654 times
28 Thu Sep 2023	95.86	96.95	96.95	90.00	0.419 times
27 Wed Sep 2023	92.43	104.25	104.25	90.00	5.032 times
26 Tue Sep 2023	98.11	104.25	104.25	92.00	0.485 times
25 Mon Sep 2023	94.25	98.00	98.00	94.25	0.261 times
22 Fri Sep 2023	96.37	99.80	99.80	92.60	0.496 times
21 Thu Sep 2023	99.95	100.00	100.00	96.05	0.192 times
20 Wed Sep 2023	99.50	103.00	103.00	95.40	0.932 times
18 Mon Sep 2023	99.70	100.00	100.00	99.70	0.331 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 95.4, but if it comes above 95.4, then a intra day buy could be more profitable.
If you take a sell trade below 95.4, then use 95.4 as stoploss and 92.4 as target. However if you take a buy trade in stock , then use 95.4 as stoploss and 97.87 as target.

Share price targets for Megrisoft (Megrisoft)

Target Type	Value
Downside Target	88.40
Downside Target	92.60
Upside Target	96.00
Upside Target	103.00
Upside Target	104.00
Upside Target	104.25
Upside Target	105.60
Upside Target	109.85
Upside Target	112.70
Upside Target	130.00

Intraday share price targets for Megrisoft (Megrisoft)

Target Type	Value
Downside Intraday Target	91.27
Downside Intraday Target	87.88
Upside Intraday Target	97.02
Upside Intraday Target	99.38
Downside Intraday Target	93.63

Weekly technical analysis of Megrisoft (Megrisoft)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Oct 2023	94.65	95.00	96.00	90.25	0.069 times
29 Fri Sep 2023	94.80	98.00	104.25	88.40	3.512 times
22 Fri Sep 2023	96.37	100.00	103.00	92.60	0.85 times
15 Fri Sep 2023	97.10	101.00	104.00	95.00	1.176 times
08 Fri Sep 2023	96.87	99.23	105.60	95.50	0.63 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 Megrisoft (Megrisoft)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Tue Oct 2023	94.65	95.00	96.00	90.25	0.035 times
29 Fri Sep 2023	94.80	99.99	105.60	88.40	0.604 times
31 Thu Aug 2023	98.60	106.70	109.85	94.00	0.469 times
31 Mon Jul 2023	99.55	112.70	112.70	89.60	0.838 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 Megrisoft (Megrisoft)

Price action analysis of Megrisoft ( (Megrisoft) ) 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 Megrisoft ( (Megrisoft) ) 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 Megrisoft ( (Megrisoft) ) 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 Megrisoft stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Megrisoft Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Megrisoft 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Megrisoft is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 94.55 and Megrisoft (Megrisoft) 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 Megrisoft (Megrisoft) stock. Volume based technical analysis of Megrisoft (Megrisoft) stock is negative.

Megrisoft 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.