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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 2024-07-16 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 87984

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	609.40	602.15	615.00	601.15	0.584 times
15 Mon Jul 2024	602.20	610.05	610.10	593.85	0.389 times
12 Fri Jul 2024	605.00	610.15	619.90	598.00	0.634 times
11 Thu Jul 2024	607.10	603.30	612.45	601.50	0.385 times
10 Wed Jul 2024	603.30	619.50	619.50	590.00	0.82 times
09 Tue Jul 2024	613.45	618.15	630.50	600.00	0.427 times
08 Mon Jul 2024	615.05	637.15	637.15	606.60	0.729 times
05 Fri Jul 2024	627.75	633.00	640.90	623.25	0.535 times
04 Thu Jul 2024	632.30	637.15	647.65	630.00	0.726 times
03 Wed Jul 2024	637.15	637.50	654.90	632.00	1.582 times

My analysis of stock is bearish for shortterm, and stock might move down till 595.6 or till 577.8. Use a stoploss of 610.37 and if the stock hits stoploss, then it can shoot up till 625.17

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	402.50
Downside Target	432.95
Downside Target	470.05
Downside Target	543.10
Downside Target	581.55
Upside Target	615.00
Upside Target	617.95
Upside Target	626.00
Upside Target	637.15
Upside Target	658.90

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	597.17
Downside Intraday Target	584.93
Upside Intraday Target	618.32
Upside Intraday Target	627.23
Downside Intraday Target	606.08

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	609.40	610.05	615.00	593.85	0.325 times
12 Fri Jul 2024	605.00	637.15	637.15	590.00	0.379 times
05 Fri Jul 2024	627.75	606.60	658.90	591.65	1.225 times
28 Fri Jun 2024	603.55	608.00	626.00	581.55	0.364 times
21 Fri Jun 2024	600.00	555.50	617.95	543.10	3.755 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
16 Tue Jul 2024	609.40	606.60	658.90	590.00	0.374 times
28 Fri Jun 2024	603.55	499.00	626.00	437.70	2.097 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

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 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 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 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 above the green 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 618.9 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.