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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 2024-01-15 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 115327

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	517.40	525.60	533.25	514.10	0.723 times
12 Fri Jan 2024	521.65	525.10	534.00	521.00	0.749 times
11 Thu Jan 2024	520.55	499.20	537.70	499.20	1.759 times
10 Wed Jan 2024	495.20	511.00	514.40	492.20	0.7 times
09 Tue Jan 2024	512.45	517.00	520.05	511.00	0.536 times
08 Mon Jan 2024	516.45	524.30	528.25	511.35	0.757 times
05 Fri Jan 2024	520.15	515.45	529.00	515.30	0.875 times
04 Thu Jan 2024	512.85	515.90	528.40	511.00	1.067 times
03 Wed Jan 2024	513.95	497.80	517.10	496.50	1.538 times
02 Tue Jan 2024	493.85	492.90	497.00	480.95	0.69 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 514.3, but if it comes below 514.3, then a intra day sell could be more profitable.
If you take a sell trade below 514.3, then use 514.3 as stoploss and 488.07 as target. However if you take a buy trade in stock , then use 514.3 as stoploss and 545.7 as target.

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	426.55
Downside Target	438.00
Downside Target	447.00
Downside Target	467.80
Downside Target	491.10
Downside Target	514.10
Upside Target	529.00
Upside Target	533.25
Upside Target	537.70
Upside Target	545.00
Upside Target	589.70

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	509.92
Downside Intraday Target	502.43
Upside Intraday Target	529.07
Upside Intraday Target	540.73
Upside Intraday Target	521.58

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	517.40	525.60	533.25	514.10	0.161 times
12 Fri Jan 2024	521.65	524.30	537.70	492.20	0.818 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

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
15 Mon Jan 2024	517.40	469.35	537.70	467.80	1.346 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 stronger in this stock.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 513.76 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.