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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 2024-02-16 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 61966

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	459.30	461.00	465.65	455.20	0.844 times
15 Thu Feb 2024	460.75	461.70	464.60	458.05	0.592 times
14 Wed Feb 2024	457.30	460.00	470.00	451.00	2.628 times
13 Tue Feb 2024	493.75	490.95	497.25	481.00	0.446 times
12 Mon Feb 2024	489.15	489.00	501.95	482.20	0.783 times
09 Fri Feb 2024	496.45	492.50	500.00	471.35	1.307 times
08 Thu Feb 2024	492.10	495.55	500.20	490.00	0.659 times
07 Wed Feb 2024	497.00	509.00	511.75	493.80	0.902 times
06 Tue Feb 2024	508.30	495.10	509.80	494.15	0.736 times
05 Mon Feb 2024	501.50	509.80	515.05	494.85	0.913 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 459.2, for a target of 477.3 or 492.33

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	426.55
Downside Target	438.00
Downside Target	451.00
Upside 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	439.55
Downside Intraday Target	419.8
Upside Intraday Target	490.5
Upside Intraday Target	521.7
Upside Intraday Target	470.75

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	459.30	489.00	501.95	451.00	1.172 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
16 Fri Feb 2024	459.30	502.00	515.05	451.00	0.43 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 gaining momentum.

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

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 red color and prices are below the red 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 SELL signal in short term but selling 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 481.02 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.