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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 2024-02-29 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 35619

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	460.75	465.85	469.70	458.60	0.524 times
28 Wed Feb 2024	466.30	467.00	471.65	458.05	0.784 times
27 Tue Feb 2024	466.95	472.60	480.25	465.00	0.868 times
26 Mon Feb 2024	477.35	479.50	479.90	471.10	0.551 times
23 Fri Feb 2024	477.60	477.00	480.00	472.05	0.807 times
22 Thu Feb 2024	474.70	472.10	477.00	461.55	1.206 times
21 Wed Feb 2024	469.75	471.05	474.95	466.30	0.972 times
20 Tue Feb 2024	471.05	466.80	473.45	461.80	1.259 times
19 Mon Feb 2024	462.90	459.95	465.00	458.00	1.056 times
16 Fri Feb 2024	459.30	461.00	465.65	455.20	1.469 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 462.9, but if it comes above 462.9, then a intra day buy could be more profitable.
If you take a sell trade below 462.9, then use 462.9 as stoploss and 442.9 as target. However if you take a buy trade in stock , then use 462.9 as stoploss and 479.51 as target.

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	452.45
Downside Intraday Target	444.15
Upside Intraday Target	474.65
Upside Intraday Target	488.55
Upside Intraday Target	466.35

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	460.75	479.50	480.25	458.05	0.515 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
29 Thu Feb 2024	460.75	502.00	515.05	451.00	0.604 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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. 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 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 468.24 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 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.