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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 2024-08-06 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 82613

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	599.05	588.85	630.00	588.85	1.189 times
05 Mon Aug 2024	588.85	604.00	608.85	581.55	0.621 times
02 Fri Aug 2024	618.80	601.00	633.95	600.00	0.606 times
01 Thu Aug 2024	610.40	624.30	637.00	608.00	0.792 times
31 Wed Jul 2024	619.45	634.30	634.65	616.15	0.582 times
30 Tue Jul 2024	629.35	625.70	640.65	622.00	0.805 times
29 Mon Jul 2024	625.65	640.45	645.90	622.05	1.102 times
26 Fri Jul 2024	637.25	657.95	665.00	629.55	1.991 times
25 Thu Jul 2024	636.65	624.00	657.40	615.00	1.683 times
24 Wed Jul 2024	627.00	596.00	633.50	596.00	1.348 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 595.9 as stoploss in an intra day buy trade for a target of 610.67. However, stock will show a bearish move below 595.9.

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	432.95
Downside Target	470.05
Downside Target	553.00
Downside Target	576.00
Upside Target	615.00
Upside Target	626.00
Upside Target	630.00
Upside Target	637.00
Upside Target	637.15
Upside Target	645.90
Upside Target	665.00

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	577.07
Downside Intraday Target	555.08
Upside Intraday Target	625.52
Upside Intraday Target	651.98
Upside Intraday Target	603.53

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	599.05	604.00	630.00	581.55	0.466 times
02 Fri Aug 2024	618.80	640.45	645.90	600.00	0.616 times
26 Fri Jul 2024	637.25	585.00	665.00	576.00	2.348 times
19 Fri Jul 2024	585.85	610.05	615.00	580.00	0.842 times
12 Fri Jul 2024	605.00	637.15	637.15	590.00	0.379 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
06 Tue Aug 2024	599.05	624.30	637.00	581.55	0.139 times
31 Wed Jul 2024	619.45	606.60	665.00	576.00	0.682 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

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 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 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 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 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 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 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 623.05 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 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.