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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 2024-02-12 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 47111

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	489.15	489.00	501.95	482.20	1.03 times
09 Fri Feb 2024	496.45	492.50	500.00	471.35	1.719 times
08 Thu Feb 2024	492.10	495.55	500.20	490.00	0.867 times
07 Wed Feb 2024	497.00	509.00	511.75	493.80	1.187 times
06 Tue Feb 2024	508.30	495.10	509.80	494.15	0.968 times
05 Mon Feb 2024	501.50	509.80	515.05	494.85	1.201 times
02 Fri Feb 2024	507.25	497.05	515.00	497.00	1.36 times
01 Thu Feb 2024	497.05	502.00	502.00	494.65	0.668 times
31 Wed Jan 2024	500.20	502.00	503.95	495.50	0.674 times
30 Tue Jan 2024	499.70	499.00	507.90	498.05	0.477 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 492.9, but if it comes above 492.9, then a intra day buy could be more profitable.
If you take a sell trade below 492.9, then use 492.9 as stoploss and 484.3 as target. However if you take a buy trade in stock , then use 492.9 as stoploss and 500.11 as target.

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	501.95
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	480.25
Downside Intraday Target	471.35
Upside Intraday Target	500
Upside Intraday Target	510.85
Upside Intraday Target	491.1

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	489.15	489.00	501.95	482.20	0.173 times
09 Fri Feb 2024	496.45	509.80	515.05	471.35	1.464 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

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
12 Mon Feb 2024	489.15	502.00	515.05	471.35	0.259 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 down 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 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 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 SELL. Signal strength is Strong 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 in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Ig Petrochemicals in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 499.02 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.