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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 2024-03-04 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 27348

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	473.20	465.05	477.00	458.05	2.036 times
02 Sat Mar 2024	470.00	455.00	471.60	455.00	0.184 times
01 Fri Mar 2024	465.65	460.75	468.85	460.75	0.738 times
29 Thu Feb 2024	460.75	465.85	469.70	458.60	0.683 times
28 Wed Feb 2024	466.30	467.00	471.65	458.05	1.021 times
27 Tue Feb 2024	466.95	472.60	480.25	465.00	1.131 times
26 Mon Feb 2024	477.35	479.50	479.90	471.10	0.717 times
23 Fri Feb 2024	477.60	477.00	480.00	472.05	1.051 times
22 Thu Feb 2024	474.70	472.10	477.00	461.55	1.57 times
21 Wed Feb 2024	469.75	471.05	474.95	466.30	1.266 times

Stock of Ig Petrochemicals (IGPL) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 461.5 or till 446.3. Use a stoploss of 474.1 and if the stock hits stoploss, then it can shoot up till 486.74

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	426.55
Downside Target	438.00
Downside Target	451.00
Downside Target	467.80
Upside Target	477.00
Upside Target	480.00
Upside Target	480.25
Upside Target	491.10
Upside Target	501.95
Upside Target	515.05
Upside Target	537.70

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	461.83
Downside Intraday Target	450.47
Upside Intraday Target	480.78
Upside Intraday Target	488.37
Downside Intraday Target	469.42

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	473.20	465.05	477.00	458.05	0.455 times
02 Sat Mar 2024	470.00	479.50	480.25	455.00	0.648 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

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
04 Mon Mar 2024	473.20	460.75	477.00	455.00	0.082 times
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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY signal for Ig Petrochemicals in short term but the buy 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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 470.97 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 negative.

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