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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)

Showing technical analysis as on 2023-03-23 View latest technical analysis

10 day averaged volume of Megrisoft is 225

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu Mar 2023	103.25	112.00	112.00	96.85	0.28 times
22 Wed Mar 2023	108.40	111.75	111.75	100.00	5.951 times
21 Tue Mar 2023	104.30	111.50	111.50	103.00	0.284 times
20 Mon Mar 2023	109.85	112.00	112.00	99.05	0.329 times
17 Fri Mar 2023	112.45	113.00	113.00	112.45	0.12 times
16 Thu Mar 2023	110.85	117.95	117.95	103.25	0.44 times
15 Wed Mar 2023	110.85	111.00	111.00	100.20	1.471 times
14 Tue Mar 2023	109.10	112.75	112.75	104.00	0.667 times
13 Mon Mar 2023	107.85	113.00	113.45	101.25	0.6 times
10 Fri Mar 2023	111.80	111.95	111.95	111.80	0.124 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 103.3, for a target of 106.8 or 109.76

Share price targets for Megrisoft (Megrisoft)

Target Type	Value
Downside Target	96.85
Downside Target	100.00
Upside Target	112.00
Upside Target	114.50
Upside Target	117.00
Upside Target	117.95
Upside Target	120.95
Upside Target	137.70
Upside Target	137.95
Upside Target	139.60

Intraday share price targets for Megrisoft (Megrisoft)

Target Type	Value
Downside Intraday Target	96.07
Downside Intraday Target	88.88
Upside Intraday Target	111.22
Upside Intraday Target	119.18
Upside Intraday Target	104.03

Weekly technical analysis of Megrisoft (Megrisoft)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu Mar 2023	103.25	112.00	112.00	96.85	2.075 times
17 Fri Mar 2023	112.45	113.00	117.95	100.20	0.267 times
10 Fri Mar 2023	111.80	111.50	113.75	97.00	10.455 times
03 Fri Mar 2023	111.70	108.60	114.50	101.50	0.33 times
24 Fri Feb 2023	108.60	113.60	117.00	98.00	1.647 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Megrisoft (Megrisoft)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu Mar 2023	103.25	113.75	117.95	96.85	1.297 times
28 Tue Feb 2023	108.95	120.95	120.95	98.00	0.23 times
31 Tue Jan 2023	114.65	111.95	137.95	103.00	1.626 times
30 Fri Dec 2022	110.90	123.00	137.70	100.00	0.626 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Strong and stock is gaining 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 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 Megrisoft in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 108.75 and Megrisoft (Megrisoft) 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 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.