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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 2024-08-16 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 59855

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	607.05	602.10	619.95	600.05	0.947 times
14 Wed Aug 2024	608.15	604.80	612.00	592.80	0.549 times
13 Tue Aug 2024	601.75	628.45	631.30	597.00	0.9 times
12 Mon Aug 2024	626.35	616.60	639.35	611.60	1.063 times
09 Fri Aug 2024	621.30	629.65	634.15	616.05	0.495 times
08 Thu Aug 2024	621.80	636.00	636.00	617.25	0.586 times
07 Wed Aug 2024	636.85	606.30	642.45	590.25	1.978 times
06 Tue Aug 2024	599.05	588.85	630.00	588.85	1.641 times
05 Mon Aug 2024	588.85	604.00	608.85	581.55	0.857 times
02 Fri Aug 2024	618.80	601.00	633.95	600.00	0.837 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 599.8 as stoploss in an intra day buy trade for a target of 615.14. However, stock will show a bearish move below 599.8.

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	639.35
Upside Target	642.45
Upside Target	645.90
Upside Target	665.00

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	586.78
Downside Intraday Target	566.52
Upside Intraday Target	633.33
Upside Intraday Target	659.62
Upside Intraday Target	613.07

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	607.05	616.60	639.35	592.80	0.622 times
09 Fri Aug 2024	621.30	604.00	642.45	581.55	1.036 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

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
16 Fri Aug 2024	607.05	624.30	642.45	581.55	0.344 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 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 to mid 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 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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 614.37 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.