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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 2024-04-03 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 58952

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	468.45	454.60	469.90	454.60	1.015 times
02 Tue Apr 2024	454.55	452.25	456.00	448.50	0.496 times
01 Mon Apr 2024	453.65	432.95	458.00	432.95	0.457 times
28 Thu Mar 2024	430.75	447.95	451.20	428.60	1.013 times
27 Wed Mar 2024	447.30	449.00	455.65	440.35	1.48 times
26 Tue Mar 2024	445.95	432.00	460.15	432.00	2.337 times
22 Fri Mar 2024	431.65	427.40	441.00	420.80	1.172 times
21 Thu Mar 2024	427.40	414.95	428.10	414.95	1.192 times
20 Wed Mar 2024	412.45	418.50	419.40	402.50	0.791 times
19 Tue Mar 2024	416.40	424.00	425.55	414.95	0.618 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 455.3, but if it comes below 455.3, then a intra day sell could be more profitable.
If you take a sell trade below 455.3, then use 455.3 as stoploss and 437.42 as target. However if you take a buy trade in stock , then use 455.3 as stoploss and 476.7 as target.

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	402.50
Downside Target	428.60
Downside Target	460.15
Downside Target	467.80
Upside Target	469.90
Upside Target	476.30
Upside Target	477.00
Upside Target	515.05
Upside Target	537.70

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	444.3
Downside Intraday Target	420.15
Upside Intraday Target	481.25
Upside Intraday Target	494.05
Downside Intraday Target	457.1

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	468.45	432.95	469.90	432.95	0.407 times
28 Thu Mar 2024	430.75	432.00	460.15	428.60	1.146 times
22 Fri Mar 2024	431.65	422.00	441.00	402.50	0.888 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

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
03 Wed Apr 2024	468.45	432.95	469.90	432.95	0.111 times
28 Thu Mar 2024	430.75	460.75	477.00	402.50	1.057 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

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Ig Petrochemicals in short term but the buy signal is initial and weak.

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 red color and prices are in or above the red 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 and the buying is gaining 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 439.67 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.