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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 2024-01-23 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 72909

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	488.95	504.25	509.95	485.00	0.677 times
22 Mon Jan 2024	504.25	512.15	512.15	501.20	0.448 times
19 Fri Jan 2024	509.55	498.80	519.90	498.80	0.603 times
18 Thu Jan 2024	498.75	509.35	511.95	487.25	0.511 times
17 Wed Jan 2024	502.45	508.10	509.65	501.15	0.445 times
16 Tue Jan 2024	508.10	524.80	524.80	504.05	0.926 times
15 Mon Jan 2024	517.40	525.60	533.25	514.10	1.144 times
12 Fri Jan 2024	521.65	525.10	534.00	521.00	1.185 times
11 Thu Jan 2024	520.55	499.20	537.70	499.20	2.782 times
10 Wed Jan 2024	495.20	511.00	514.40	492.20	1.108 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 482 as stoploss in an intra day buy trade for a target of 500.72. However, stock will show a bearish move below 482.

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
Upside Target	492.20
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	478.58
Downside Intraday Target	468.22
Upside Intraday Target	505.73
Upside Intraday Target	522.52
Upside Intraday Target	495.37

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	488.95	512.15	512.15	485.00	0.31 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
23 Tue Jan 2024	488.95	469.35	537.70	467.80	1.632 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Strong and stock is gaining momentum.

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

Ig Petrochemicals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Ig Petrochemicals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 510.74 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.