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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 2024-06-05 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 66125

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	476.55	477.70	483.95	461.15	0.609 times
04 Tue Jun 2024	468.85	494.70	494.70	437.70	1.039 times
03 Mon Jun 2024	494.70	499.00	504.90	490.10	0.665 times
31 Fri May 2024	487.80	499.00	500.95	485.10	0.526 times
30 Thu May 2024	499.25	500.00	503.55	495.00	0.336 times
29 Wed May 2024	501.00	494.85	503.80	487.25	0.43 times
28 Tue May 2024	495.10	497.50	498.95	491.00	0.534 times
27 Mon May 2024	495.50	496.75	507.90	488.10	0.688 times
24 Fri May 2024	494.90	495.00	509.40	492.65	0.895 times
23 Thu May 2024	502.15	482.45	518.50	482.45	3.335 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 482.8, but if it comes above 482.8, then a intra day buy could be more profitable.
If you take a sell trade below 482.8, then use 482.8 as stoploss and 472.4 as target. However if you take a buy trade in stock , then use 482.8 as stoploss and 491.46 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	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	441.2
Downside Intraday Target	405.85
Upside Intraday Target	508.4
Upside Intraday Target	540.25
Downside Intraday Target	473.05

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	476.55	499.00	504.90	437.70	0.921 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 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 Wed Jun 2024	476.55	499.00	504.90	437.70	0.115 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Strong and stock is gaining 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. 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 but BUY signal is weak.

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 493.43 and Ig Petrochemicals (IGPL) stock is trading below this level. This means that stock is falling with high volumes. 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 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.