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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 2024-04-16 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 88027

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	516.15	503.00	530.00	502.95	1.431 times
15 Mon Apr 2024	505.55	505.00	516.70	481.00	1.316 times
12 Fri Apr 2024	505.75	506.50	512.90	502.95	0.737 times
10 Wed Apr 2024	506.35	506.05	517.30	503.85	0.825 times
09 Tue Apr 2024	506.10	507.30	513.00	502.60	0.481 times
08 Mon Apr 2024	507.30	503.05	512.15	498.50	0.719 times
05 Fri Apr 2024	500.50	501.05	508.00	496.30	1.225 times
04 Thu Apr 2024	501.05	475.00	515.00	471.50	3.379 times
03 Wed Apr 2024	468.45	454.60	469.90	454.60	0.679 times
02 Tue Apr 2024	454.55	452.25	456.00	448.50	0.332 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 500.9, but if it comes below 500.9, then a intra day sell could be more profitable.
If you take a sell trade below 500.9, then use 500.9 as stoploss and 464.04 as target. However if you take a buy trade in stock , then use 500.9 as stoploss and 545.1 as target.

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	402.50
Downside Target	428.60
Downside Target	451.00
Downside Target	460.15
Downside Target	481.00
Downside Target	498.50
Downside Target	515.00
Downside Target	515.05
Upside Target	517.30
Upside Target	530.00
Upside Target	537.70

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	488.1
Downside Intraday Target	460.05
Upside Intraday Target	537.1
Upside Intraday Target	558.05
Downside Intraday Target	509.05

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	516.15	505.00	530.00	481.00	0.995 times
12 Fri Apr 2024	505.75	503.05	517.30	498.50	0.466 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

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
16 Tue Apr 2024	516.15	432.95	530.00	432.95	0.962 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 and the buying is gaining 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 501.41 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.