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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 2024-02-28 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 49114

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	466.30	467.00	471.65	458.05	0.568 times
27 Tue Feb 2024	466.95	472.60	480.25	465.00	0.63 times
26 Mon Feb 2024	477.35	479.50	479.90	471.10	0.399 times
23 Fri Feb 2024	477.60	477.00	480.00	472.05	0.585 times
22 Thu Feb 2024	474.70	472.10	477.00	461.55	0.874 times
21 Wed Feb 2024	469.75	471.05	474.95	466.30	0.705 times
20 Tue Feb 2024	471.05	466.80	473.45	461.80	0.913 times
19 Mon Feb 2024	462.90	459.95	465.00	458.00	0.766 times
16 Fri Feb 2024	459.30	461.00	465.65	455.20	1.065 times
15 Thu Feb 2024	460.75	461.70	464.60	458.05	0.746 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 464.9 as stoploss in an intra day buy trade for a target of 481.33. However, stock will show a bearish move below 464.9.

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	491.10
Upside Target	501.95
Upside Target	515.00
Upside Target	515.05
Upside Target	537.70
Upside Target	545.00

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	456.15
Downside Intraday Target	446
Upside Intraday Target	478.35
Upside Intraday Target	490.4
Upside Intraday Target	468.2

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	466.30	479.50	480.25	458.05	0.416 times
23 Fri Feb 2024	477.60	459.95	480.00	458.00	0.576 times
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

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
28 Wed Feb 2024	466.30	502.00	515.05	451.00	0.593 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 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 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 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 tired and bears are picking up momentum.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 467.86 and Ig Petrochemicals (IGPL) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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