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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 2024-01-22 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 78369

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	504.25	512.15	512.15	501.20	0.417 times
19 Fri Jan 2024	509.55	498.80	519.90	498.80	0.561 times
18 Thu Jan 2024	498.75	509.35	511.95	487.25	0.475 times
17 Wed Jan 2024	502.45	508.10	509.65	501.15	0.414 times
16 Tue Jan 2024	508.10	524.80	524.80	504.05	0.862 times
15 Mon Jan 2024	517.40	525.60	533.25	514.10	1.065 times
12 Fri Jan 2024	521.65	525.10	534.00	521.00	1.103 times
11 Thu Jan 2024	520.55	499.20	537.70	499.20	2.588 times
10 Wed Jan 2024	495.20	511.00	514.40	492.20	1.031 times
09 Tue Jan 2024	512.45	517.00	520.05	511.00	0.788 times

My analysis of stock is bullish for shortterm, and stock might move up till 519.6 or till 543.4. Use a stoploss of 499.7 and if this stock hits its stoploss, then it can fall down till 479.82

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	426.55
Downside Target	438.00
Downside Target	450.00
Downside Target	467.80
Downside Target	501.20
Upside Target	512.15
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	499.58
Downside Intraday Target	494.92
Upside Intraday Target	510.53
Upside Intraday Target	516.82
Upside Intraday Target	505.87

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	504.25	512.15	512.15	501.20	0.124 times
19 Fri Jan 2024	509.55	525.60	533.25	487.25	0.51 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

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
22 Mon Jan 2024	504.25	469.35	537.70	467.80	1.579 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, and volume has increased substantially. This means that the move can 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Ig Petrochemicals ( (IGPL) ) 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 Ig Petrochemicals ( (IGPL) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Ig Petrochemicals in short term but the sell signal is initial and weak.

Ig Petrochemicals 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 weakening, and bulls 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 and SELL signal is strong!

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 512.36 and Ig Petrochemicals (IGPL) 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 Ig Petrochemicals (IGPL) stock. Volume based technical analysis of Ig Petrochemicals (IGPL) stock is negative.

Ig Petrochemicals Stock has given negative 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.