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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 2024-02-02 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 33211

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	507.25	497.05	515.00	497.00	1.929 times
01 Thu Feb 2024	497.05	502.00	502.00	494.65	0.948 times
31 Wed Jan 2024	500.20	502.00	503.95	495.50	0.956 times
30 Tue Jan 2024	499.70	499.00	507.90	498.05	0.677 times
29 Mon Jan 2024	495.30	494.80	506.00	491.10	1.246 times
25 Thu Jan 2024	492.30	500.10	500.75	489.50	0.742 times
24 Wed Jan 2024	496.45	491.40	499.00	486.05	0.515 times
23 Tue Jan 2024	488.95	504.25	509.95	485.00	1.485 times
22 Mon Jan 2024	504.25	512.15	512.15	501.20	0.984 times
19 Fri Jan 2024	509.55	498.80	519.90	498.80	1.324 times

My analysis of stock is bullish for shortterm, and stock might move up till 515.1 or till 527. Use a stoploss of 505.21 and if this stock hits its stoploss, then it can fall down till 495.3

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	426.55
Downside Target	438.00
Downside Target	457.35
Downside Target	467.80
Upside Target	512.15
Upside Target	515.00
Upside Target	529.00
Upside Target	533.25
Upside Target	537.70
Upside Target	545.00

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	493.9
Downside Intraday Target	480.55
Upside Intraday Target	517.8
Upside Intraday Target	528.35
Downside Intraday Target	504.45

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	507.25	494.80	515.00	491.10	1.544 times
25 Thu Jan 2024	492.30	512.15	512.15	485.00	0.468 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ig Petrochemicals (IGPL)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	507.25	502.00	515.00	494.65	0.058 times
31 Wed Jan 2024	500.20	469.35	537.70	467.80	1.782 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

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 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 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 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 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 Weak and stock is gaining momentum.

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

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

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 moving up

CCI has generated a buy signal for Ig Petrochemicals in short term and BUY 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 499.83 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.