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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 2024-04-08 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 94548

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	507.30	503.05	512.15	498.50	0.67 times
05 Fri Apr 2024	500.50	501.05	508.00	496.30	1.14 times
04 Thu Apr 2024	501.05	475.00	515.00	471.50	3.146 times
03 Wed Apr 2024	468.45	454.60	469.90	454.60	0.633 times
02 Tue Apr 2024	454.55	452.25	456.00	448.50	0.309 times
01 Mon Apr 2024	453.65	432.95	458.00	432.95	0.285 times
28 Thu Mar 2024	430.75	447.95	451.20	428.60	0.632 times
27 Wed Mar 2024	447.30	449.00	455.65	440.35	0.923 times
26 Tue Mar 2024	445.95	432.00	460.15	432.00	1.457 times
22 Fri Mar 2024	431.65	427.40	441.00	420.80	0.731 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 507, for a target of 472.5 or 443.8

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	402.50
Downside Target	428.60
Downside Target	460.15
Downside Target	476.30
Downside Target	477.00
Downside Target	498.50
Upside Target	512.15
Upside Target	515.00
Upside Target	515.05
Upside Target	537.70

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	499.82
Downside Intraday Target	492.33
Upside Intraday Target	513.47
Upside Intraday Target	519.63
Downside Intraday Target	505.98

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	507.30	503.05	512.15	498.50	0.121 times
05 Fri Apr 2024	500.50	432.95	515.00	432.95	1.83 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

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
08 Mon Apr 2024	507.30	432.95	515.00	432.95	0.559 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 tired and bears are picking up momentum.

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 473.85 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.