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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 2024-03-20 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 49403

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	412.45	418.50	419.40	402.50	0.944 times
19 Tue Mar 2024	416.40	424.00	425.55	414.95	0.738 times
18 Mon Mar 2024	424.50	422.00	428.25	419.00	0.528 times
15 Fri Mar 2024	419.00	420.00	430.80	414.35	0.84 times
14 Thu Mar 2024	419.90	414.80	424.75	407.00	0.786 times
13 Wed Mar 2024	414.80	425.70	427.65	410.00	1.835 times
12 Tue Mar 2024	425.70	435.00	435.00	420.30	1.299 times
11 Mon Mar 2024	433.85	443.00	443.00	432.45	0.908 times
07 Thu Mar 2024	440.75	445.00	448.05	439.05	1.081 times
06 Wed Mar 2024	446.15	461.95	462.00	443.05	0.947 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 423.7, but if it comes above 423.7, then a intra day buy could be more profitable.
If you take a sell trade below 423.7, then use 423.7 as stoploss and 395.3 as target. However if you take a buy trade in stock , then use 423.7 as stoploss and 447.4 as target.

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	402.50
Upside Target	426.55
Upside Target	438.00
Upside Target	467.80
Upside Target	476.30
Upside Target	477.00
Upside Target	480.00
Upside Target	480.25
Upside Target	491.10
Upside Target	515.05
Upside Target	537.70

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	400.55
Downside Intraday Target	388.65
Upside Intraday Target	426.3
Upside Intraday Target	440.15
Upside Intraday Target	414.4

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	412.45	422.00	428.25	402.50	0.39 times
15 Fri Mar 2024	419.00	443.00	443.00	407.00	1.351 times
07 Thu Mar 2024	440.75	465.05	477.00	439.05	1.694 times
02 Sat Mar 2024	470.00	479.50	480.25	455.00	0.648 times
23 Fri Feb 2024	477.60	459.95	480.00	458.00	0.576 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
20 Wed Mar 2024	412.45	460.75	477.00	402.50	0.628 times
29 Thu Feb 2024	460.75	502.00	515.05	451.00	0.604 times
31 Wed Jan 2024	500.20	469.35	537.70	467.80	1.782 times
29 Fri Dec 2023	468.40	448.60	476.30	438.00	1.247 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Ig Petrochemicals stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Ig Petrochemicals in short term and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Ig Petrochemicals in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 424.98 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.