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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 2023-09-22 View latest technical analysis

10 day averaged volume of Megrisoft is 194

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Sep 2023	96.37	99.80	99.80	92.60	1.196 times
21 Thu Sep 2023	99.95	100.00	100.00	96.05	0.464 times
20 Wed Sep 2023	99.50	103.00	103.00	95.40	2.247 times
18 Mon Sep 2023	99.70	100.00	100.00	99.70	0.799 times
15 Fri Sep 2023	97.10	104.00	104.00	95.00	2.902 times
14 Thu Sep 2023	99.88	99.88	100.00	99.00	2.149 times
13 Wed Sep 2023	99.00	101.90	101.90	96.50	0.211 times
12 Tue Sep 2023	101.90	104.00	104.00	101.90	0.021 times
11 Mon Sep 2023	99.96	101.00	101.00	99.29	0.253 times
08 Fri Sep 2023	96.87	99.37	99.37	96.10	0.887 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 97.3, but if it comes above 97.3, then a intra day buy could be more profitable.
If you take a sell trade below 97.3, then use 97.3 as stoploss and 95.5 as target. However if you take a buy trade in stock , then use 97.3 as stoploss and 98.78 as target.

Share price targets for Megrisoft (Megrisoft)

Target Type	Value
Downside Target	89.60
Upside Target	100.00
Upside Target	103.00
Upside Target	104.00
Upside Target	105.60
Upside Target	109.85
Upside Target	112.70
Upside Target	125.00
Upside Target	130.00

Intraday share price targets for Megrisoft (Megrisoft)

Target Type	Value
Downside Intraday Target	91.65
Downside Intraday Target	86.92
Upside Intraday Target	102.05
Upside Intraday Target	107.72
Upside Intraday Target	97.32

Weekly technical analysis of Megrisoft (Megrisoft)

Date	Weekly Closing Price	Open	High	Low	Volume
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
01 Fri Sep 2023	97.26	99.00	100.00	95.32	0.606 times
25 Fri Aug 2023	98.81	109.85	109.85	94.01	1.705 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
22 Fri Sep 2023	96.37	99.99	105.60	92.60	0.296 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
30 Fri Jun 2023	106.20	110.00	130.00	96.00	3.126 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 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 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

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 98.44 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.