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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 2024-06-13 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 52538

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	525.90	525.65	531.60	520.05	0.97 times
12 Wed Jun 2024	525.65	533.20	539.00	521.05	0.884 times
11 Tue Jun 2024	527.70	513.20	543.80	513.20	1.887 times
10 Mon Jun 2024	512.70	503.80	522.00	497.55	1.289 times
07 Fri Jun 2024	503.80	490.00	507.00	486.55	1.088 times
06 Thu Jun 2024	486.15	480.80	500.45	480.75	0.856 times
05 Wed Jun 2024	476.55	477.70	483.95	461.15	0.767 times
04 Tue Jun 2024	468.85	494.70	494.70	437.70	1.308 times
03 Mon Jun 2024	494.70	499.00	504.90	490.10	0.837 times
31 Fri May 2024	487.80	499.00	500.95	485.10	0.662 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 531.7, for a target of 512.8 or 497.03

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
Downside Target	497.55
Downside Target	507.90
Downside Target	515.05
Downside Target	518.50
Upside Target	543.80
Upside Target	553.00
Upside Target	555.00

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	501.03
Downside Intraday Target	476.17
Upside Intraday Target	547.28
Upside Intraday Target	568.67
Downside Intraday Target	522.42

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	525.90	503.80	543.80	497.55	1.036 times
07 Fri Jun 2024	503.80	499.00	507.00	437.70	1.535 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

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
13 Thu Jun 2024	525.90	499.00	543.80	437.70	0.39 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 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 Weak 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 moving up

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 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 503.55 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.