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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 2024-03-22 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 51284

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	431.65	427.40	441.00	420.80	1.347 times
21 Thu Mar 2024	427.40	414.95	428.10	414.95	1.37 times
20 Wed Mar 2024	412.45	418.50	419.40	402.50	0.909 times
19 Tue Mar 2024	416.40	424.00	425.55	414.95	0.711 times
18 Mon Mar 2024	424.50	422.00	428.25	419.00	0.509 times
15 Fri Mar 2024	419.00	420.00	430.80	414.35	0.809 times
14 Thu Mar 2024	419.90	414.80	424.75	407.00	0.757 times
13 Wed Mar 2024	414.80	425.70	427.65	410.00	1.767 times
12 Tue Mar 2024	425.70	435.00	435.00	420.30	1.251 times
11 Mon Mar 2024	433.85	443.00	443.00	432.45	0.875 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 420.6 as stoploss in an intra day buy trade for a target of 442.74. However, stock will show a bearish move below 420.6.

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	402.50
Downside Target	426.55
Upside Target	438.00
Upside Target	467.80
Upside Target	476.30
Upside Target	477.00
Upside Target	480.00
Upside Target	480.25
Upside Target	491.10
Upside Target	515.05
Upside Target	537.70

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	409.1
Downside Intraday Target	386.55
Upside Intraday Target	447.6
Upside Intraday Target	463.55
Downside Intraday Target	425.05

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	431.65	422.00	441.00	402.50	0.888 times
15 Fri Mar 2024	419.00	443.00	443.00	407.00	1.351 times
07 Thu Mar 2024	440.75	465.05	477.00	439.05	1.694 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

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
22 Fri Mar 2024	431.65	460.75	477.00	402.50	0.769 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 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Ig Petrochemicals stock for short term is SELL. Signal strength is Weak 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 negative zone. This is the SELL 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 422.71 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 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.