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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 2024-10-04 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 53600

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	575.20	583.00	590.45	571.00	0.342 times
03 Thu Oct 2024	581.65	590.15	598.15	578.30	0.473 times
01 Tue Oct 2024	595.15	605.00	609.70	582.70	0.705 times
30 Mon Sep 2024	598.80	580.00	606.80	576.00	1.368 times
27 Fri Sep 2024	578.40	596.00	596.60	576.00	1.809 times
26 Thu Sep 2024	592.20	596.65	609.95	590.05	0.603 times
25 Wed Sep 2024	602.65	605.85	613.75	594.00	1.065 times
24 Tue Sep 2024	605.50	614.00	616.95	601.85	1.615 times
23 Mon Sep 2024	613.75	611.55	623.90	609.00	0.851 times
20 Fri Sep 2024	614.10	624.65	634.80	612.00	0.65 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 592.4, but if it comes above 592.4, then a intra day buy could be more profitable.
If you take a sell trade below 592.4, then use 592.4 as stoploss and 560.5 as target. However if you take a buy trade in stock , then use 592.4 as stoploss and 618.9 as target.

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	437.70
Downside Target	571.00
Upside Target	605.05
Upside Target	623.90
Upside Target	634.10
Upside Target	649.80
Upside Target	659.25
Upside Target	665.00
Upside Target	672.10
Upside Target	690.90
Upside Target	727.00

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	560.9
Downside Intraday Target	546.6
Upside Intraday Target	599.6
Upside Intraday Target	624
Upside Intraday Target	585.3

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	575.20	580.00	609.70	571.00	0.486 times
27 Fri Sep 2024	578.40	611.55	623.90	576.00	1.823 times
20 Fri Sep 2024	614.10	651.45	659.25	605.05	0.817 times
13 Fri Sep 2024	651.45	649.10	672.10	634.10	0.627 times
06 Fri Sep 2024	653.25	684.35	690.90	649.80	0.552 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
04 Fri Oct 2024	575.20	605.00	609.70	571.00	0.073 times
30 Mon Sep 2024	598.80	684.35	690.90	576.00	0.445 times
30 Fri Aug 2024	674.30	624.30	727.00	581.55	1.322 times
31 Wed Jul 2024	619.45	606.60	665.00	576.00	0.682 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 596.47 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.