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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 2024-05-15 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 105560

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	493.45	503.85	505.95	489.95	0.262 times
14 Tue May 2024	500.10	496.70	506.80	495.10	0.604 times
13 Mon May 2024	494.20	501.95	503.05	483.55	0.295 times
10 Fri May 2024	499.65	498.00	508.10	495.10	0.297 times
09 Thu May 2024	497.30	520.00	524.45	492.25	0.451 times
08 Wed May 2024	520.30	521.45	532.00	515.00	0.409 times
07 Tue May 2024	521.45	530.50	535.90	520.05	0.468 times
06 Mon May 2024	530.60	517.65	534.40	502.00	1.278 times
03 Fri May 2024	515.05	530.25	531.80	506.65	0.887 times
02 Thu May 2024	527.60	548.85	553.00	525.50	1.027 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 501.4, but if it comes above 501.4, then a intra day buy could be more profitable.
If you take a sell trade below 501.4, then use 501.4 as stoploss and 486.6 as target. However if you take a buy trade in stock , then use 501.4 as stoploss and 513.75 as target.

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	402.50
Downside Target	432.95
Downside Target	451.00
Downside Target	467.80
Upside Target	506.65
Upside Target	530.00
Upside Target	530.95
Upside Target	535.90
Upside Target	537.70
Upside Target	553.00
Upside Target	555.00

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	482.4
Downside Intraday Target	471.35
Upside Intraday Target	505.65
Upside Intraday Target	517.85
Upside Intraday Target	494.6

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	493.45	501.95	506.80	483.55	0.4 times
10 Fri May 2024	499.65	517.65	535.90	492.25	0.451 times
03 Fri May 2024	515.05	510.80	555.00	506.65	2.553 times
26 Fri Apr 2024	510.80	512.00	530.95	507.00	0.735 times
19 Fri Apr 2024	511.05	505.00	530.00	481.00	1.49 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
15 Wed May 2024	493.45	548.85	553.00	483.55	0.337 times
30 Tue Apr 2024	541.55	432.95	555.00	432.95	1.789 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

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 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 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 but the sell signal is initial and weak.

Ig Petrochemicals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 515.8 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 positive

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