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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 2024-06-03 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 59002

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	494.70	499.00	504.90	490.10	0.746 times
31 Fri May 2024	487.80	499.00	500.95	485.10	0.589 times
30 Thu May 2024	499.25	500.00	503.55	495.00	0.376 times
29 Wed May 2024	501.00	494.85	503.80	487.25	0.481 times
28 Tue May 2024	495.10	497.50	498.95	491.00	0.599 times
27 Mon May 2024	495.50	496.75	507.90	488.10	0.771 times
24 Fri May 2024	494.90	495.00	509.40	492.65	1.003 times
23 Thu May 2024	502.15	482.45	518.50	482.45	3.738 times
22 Wed May 2024	477.95	491.00	491.00	470.05	1.74 times
21 Tue May 2024	489.00	493.50	493.50	482.00	0.634 times

My analysis of stock is bearish for shortterm, and stock might move down till 486.2 or till 474.1. Use a stoploss of 496.28 and if the stock hits stoploss, then it can shoot up till 506.37

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	402.50
Downside Target	432.95
Downside Target	451.00
Downside Target	470.05
Upside Target	504.90
Upside Target	506.80
Upside Target	507.90
Upside Target	515.05
Upside Target	518.50
Upside Target	535.90
Upside Target	553.00
Upside Target	555.00

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	488.23
Downside Intraday Target	481.77
Upside Intraday Target	503.03
Upside Intraday Target	511.37
Upside Intraday Target	496.57

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	494.70	499.00	504.90	490.10	0.265 times
31 Fri May 2024	487.80	496.75	507.90	485.10	0.396 times
24 Fri May 2024	494.90	493.50	518.50	470.05	1.76 times
18 Sat May 2024	489.65	501.95	506.80	482.35	0.779 times
10 Fri May 2024	499.65	517.65	535.90	492.25	0.451 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
03 Mon Jun 2024	494.70	499.00	504.90	490.10	0.033 times
31 Fri May 2024	487.80	548.85	553.00	470.05	0.712 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

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 neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing momentum.

MACD generated a SELL signal for Ig Petrochemicals in short term but the sell signal is initial and weak.

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term but buying is losing 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 494.4 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.