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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 2024-02-06 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 37153

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	508.30	495.10	509.80	494.15	1.227 times
05 Mon Feb 2024	501.50	509.80	515.05	494.85	1.523 times
02 Fri Feb 2024	507.25	497.05	515.00	497.00	1.724 times
01 Thu Feb 2024	497.05	502.00	502.00	494.65	0.847 times
31 Wed Jan 2024	500.20	502.00	503.95	495.50	0.854 times
30 Tue Jan 2024	499.70	499.00	507.90	498.05	0.605 times
29 Mon Jan 2024	495.30	494.80	506.00	491.10	1.114 times
25 Thu Jan 2024	492.30	500.10	500.75	489.50	0.663 times
24 Wed Jan 2024	496.45	491.40	499.00	486.05	0.46 times
23 Tue Jan 2024	488.95	504.25	509.95	485.00	1.328 times

My analysis of stock is bullish for shortterm, and stock might move up till 512.8 or till 523.6. Use a stoploss of 503.87 and if this stock hits its stoploss, then it can fall down till 494.92

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	515.05
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	496.62
Downside Intraday Target	484.93
Upside Intraday Target	517.52
Upside Intraday Target	526.73
Downside Intraday Target	505.83

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	508.30	509.80	515.05	494.15	0.535 times
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

Price has moved up 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
06 Tue Feb 2024	508.30	502.00	515.05	494.15	0.121 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 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 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 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 losing 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. Bulls are getting stronger in this stock.

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 but buying is losing 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 499.6 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.