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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 2024-04-12 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 84660

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	505.75	506.50	512.90	502.95	0.766 times
10 Wed Apr 2024	506.35	506.05	517.30	503.85	0.858 times
09 Tue Apr 2024	506.10	507.30	513.00	502.60	0.5 times
08 Mon Apr 2024	507.30	503.05	512.15	498.50	0.748 times
05 Fri Apr 2024	500.50	501.05	508.00	496.30	1.274 times
04 Thu Apr 2024	501.05	475.00	515.00	471.50	3.514 times
03 Wed Apr 2024	468.45	454.60	469.90	454.60	0.706 times
02 Tue Apr 2024	454.55	452.25	456.00	448.50	0.345 times
01 Mon Apr 2024	453.65	432.95	458.00	432.95	0.319 times
28 Thu Mar 2024	430.75	447.95	451.20	428.60	0.706 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 490.3, but if it comes below 490.3, then a intra day sell could be more profitable.
If you take a sell trade below 490.3, then use 490.3 as stoploss and 454.69 as target. However if you take a buy trade in stock , then use 490.3 as stoploss and 533 as target.

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	402.50
Downside Target	428.60
Downside Target	460.15
Downside Target	476.30
Downside Target	477.00
Downside Target	498.50
Upside Target	515.00
Upside Target	515.05
Upside Target	517.30
Upside Target	537.70

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	497.07
Downside Intraday Target	488.38
Upside Intraday Target	515.87
Upside Intraday Target	525.98
Upside Intraday Target	507.18

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	505.75	503.05	517.30	498.50	0.466 times
05 Fri Apr 2024	500.50	432.95	515.00	432.95	1.83 times
28 Thu Mar 2024	430.75	432.00	460.15	428.60	1.146 times
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

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
12 Fri Apr 2024	505.75	432.95	517.30	432.95	0.731 times
28 Thu Mar 2024	430.75	460.75	477.00	402.50	1.057 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

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 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Ig Petrochemicals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ig Petrochemicals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Ig Petrochemicals in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 491.89 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 positive

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