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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 2024-06-21 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 190368

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	600.00	615.00	615.95	591.10	0.899 times
20 Thu Jun 2024	607.85	572.15	617.95	571.00	2.87 times
19 Wed Jun 2024	570.65	581.80	587.45	568.00	1.004 times
18 Tue Jun 2024	573.25	555.50	588.00	543.10	3.411 times
14 Fri Jun 2024	546.45	526.00	554.00	522.80	0.791 times
13 Thu Jun 2024	525.90	525.65	531.60	520.05	0.268 times
12 Wed Jun 2024	525.65	533.20	539.00	521.05	0.244 times
11 Tue Jun 2024	527.70	513.20	543.80	513.20	0.521 times
10 Mon Jun 2024	512.70	503.80	522.00	497.55	0.356 times
07 Fri Jun 2024	503.80	490.00	507.00	486.55	0.3 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 605.8, for a target of 558.8 or 519.69

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	518.50
Downside Target	543.10
Downside Target	553.00
Downside Target	554.00
Downside Target	555.00
Upside Target	617.95

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	556.08
Downside Intraday Target	512.17
Upside Intraday Target	630.93
Upside Intraday Target	661.87
Downside Intraday Target	587.02

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	600.00	555.50	617.95	543.10	3.755 times
14 Fri Jun 2024	546.45	503.80	554.00	497.55	1.626 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ig Petrochemicals (IGPL)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	600.00	499.00	617.95	437.70	1.671 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, and volume has increased substantially. This means that the move can 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 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 574.11 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.