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

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

Ig Petrochemicals trades in NSE in Commodity Chemicals sector.

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 90391

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	516.45	524.30	528.25	511.35	0.966 times
05 Fri Jan 2024	520.15	515.45	529.00	515.30	1.116 times
04 Thu Jan 2024	512.85	515.90	528.40	511.00	1.361 times
03 Wed Jan 2024	513.95	497.80	517.10	496.50	1.963 times
02 Tue Jan 2024	493.85	492.90	497.00	480.95	0.88 times
01 Mon Jan 2024	489.00	469.35	494.80	467.80	1.696 times
29 Fri Dec 2023	468.40	462.65	470.00	450.00	0.872 times
28 Thu Dec 2023	458.65	465.80	465.80	455.55	0.25 times
27 Wed Dec 2023	461.80	473.00	476.30	457.80	0.571 times
26 Tue Dec 2023	468.55	460.00	470.90	455.20	0.765 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 526.7, for a target of 497 or 472.33

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	426.55
Downside Target	438.00
Downside Target	447.00
Downside Target	479.25
Downside Target	491.10
Downside Target	511.35
Upside Target	528.25
Upside Target	529.00
Upside Target	545.00
Upside Target	589.70

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	509.12
Downside Intraday Target	501.78
Upside Intraday Target	526.02
Upside Intraday Target	535.58
Upside Intraday Target	518.68

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	516.45	524.30	528.25	511.35	0.138 times
05 Fri Jan 2024	520.15	469.35	529.00	467.80	2.855 times
29 Fri Dec 2023	468.40	460.00	476.30	450.00	0.888 times
22 Fri Dec 2023	457.00	456.60	474.00	447.00	1.238 times
15 Fri Dec 2023	454.30	459.60	463.20	438.00	1.044 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 Ig Petrochemicals (IGPL)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	516.45	469.35	529.00	467.80	0.785 times
29 Fri Dec 2023	468.40	448.60	476.30	438.00	1.247 times
30 Thu Nov 2023	446.35	481.90	491.10	426.55	1.093 times
31 Tue Oct 2023	486.65	532.40	545.00	457.35	0.343 times

Scroll below to view daily charts

Price has moved up 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 Ig Petrochemicals (IGPL)

Price action analysis of Ig Petrochemicals ( (IGPL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ig Petrochemicals ( (IGPL) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ig Petrochemicals ( (IGPL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Ig Petrochemicals stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Ig Petrochemicals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ig Petrochemicals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Ig Petrochemicals in short term but SELL 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 Ig Petrochemicals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 497.65 and Ig Petrochemicals (IGPL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Ig Petrochemicals (IGPL) stock. Volume based technical analysis of Ig Petrochemicals (IGPL) stock is negative.

Ig Petrochemicals Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.