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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 2024-03-05 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 28431

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	461.95	472.00	474.95	459.30	1.804 times
04 Mon Mar 2024	473.20	465.05	477.00	458.05	1.958 times
02 Sat Mar 2024	470.00	455.00	471.60	455.00	0.177 times
01 Fri Mar 2024	465.65	460.75	468.85	460.75	0.71 times
29 Thu Feb 2024	460.75	465.85	469.70	458.60	0.657 times
28 Wed Feb 2024	466.30	467.00	471.65	458.05	0.982 times
27 Tue Feb 2024	466.95	472.60	480.25	465.00	1.088 times
26 Mon Feb 2024	477.35	479.50	479.90	471.10	0.69 times
23 Fri Feb 2024	477.60	477.00	480.00	472.05	1.011 times
22 Thu Feb 2024	474.70	472.10	477.00	461.55	1.51 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 460.6 as stoploss in an intra day buy trade for a target of 472.35. However, stock will show a bearish move below 460.6.

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	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	454.33
Downside Intraday Target	446.72
Upside Intraday Target	473.28
Upside Intraday Target	484.62
Upside Intraday Target	465.67

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	461.95	465.05	477.00	458.05	0.874 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 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
05 Tue Mar 2024	461.95	460.75	477.00	455.00	0.134 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 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 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 to mid 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.

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 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 and selling is picking up 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 469.57 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.