Megasoft has given a cup and handle BO of 26 years. Retested the BO and now going up. For educational purpose only
In this chart we clearly see that chart is in uptrend after correction. we can take long position by taking small stoploss . let's see what happen on upcoimng days Disclaimer:- Invest at your own risk,, i am not register with Sebi.. This chart is according to my technical analysis which i learnt from past years
MEGASOFT - WG8DQ10 1) Multiple Breakout attempt 2) HH HL forming 3) Respected Support with Piercing Pattern at 41 level. 4) Now retested the Trendline Breakout 5) Close = HIGH (Though volume is Not extreme) still a Bald Bullish Signal.
MEGASOFT LTD MEGASOFT: Flag Pattern Breakout Upside Sustaining Above 55 CMP@54.05 Targets 64-74-84-94+++
Bullish view, crossing trendline, good volume weekly basis, good rr and small SL, go long.
for long term investment mega soft looks good RSI positive volume good from last 4 5 weeks
Megasoft a small cap stock has created flag and pole pattern for breakout
Available for grab @ confluence support of Horizontal + 200 Wk EMA. Can initiate long with small SL
Megasoft CMP 15.5Rs Trigger Buy Above 17.5Rs Stoploss: Rs 13 Target: 24-25Rs