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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 2024-08-22 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 137227

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	703.20	696.70	710.00	689.05	1.118 times
21 Wed Aug 2024	693.20	694.00	706.50	685.95	1.41 times
20 Tue Aug 2024	692.45	615.85	717.70	615.00	5.582 times
19 Mon Aug 2024	614.35	610.10	615.90	606.00	0.166 times
16 Fri Aug 2024	607.05	602.10	619.95	600.05	0.413 times
14 Wed Aug 2024	608.15	604.80	612.00	592.80	0.24 times
13 Tue Aug 2024	601.75	628.45	631.30	597.00	0.393 times
12 Mon Aug 2024	626.35	616.60	639.35	611.60	0.464 times
09 Fri Aug 2024	621.30	629.65	634.15	616.05	0.216 times
08 Thu Aug 2024	621.80	636.00	636.00	617.25	0.255 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 697.2, for a target of 660.3 or 629.6

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
Downside Target	626.00
Downside Target	639.35
Downside Target	642.45
Downside Target	645.90
Downside Target	665.00
Upside Target	717.70

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	633.57
Downside Intraday Target	563.93
Upside Intraday Target	745.27
Upside Intraday Target	787.33
Downside Intraday Target	675.63

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	703.20	610.10	717.70	606.00	5.484 times
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

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
22 Thu Aug 2024	703.20	624.30	717.70	581.55	0.939 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 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 Strong and stock is gaining 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 stronger in this stock.

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 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 677.34 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.