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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 2024-10-17 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 37312

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	556.20	580.90	594.00	552.00	3.018 times
16 Wed Oct 2024	572.30	587.80	587.85	562.65	1.43 times
15 Tue Oct 2024	582.15	582.00	600.00	568.70	1.674 times
14 Mon Oct 2024	580.90	589.15	592.35	572.20	0.378 times
11 Fri Oct 2024	586.20	594.00	597.40	578.05	0.556 times
10 Thu Oct 2024	593.75	564.60	598.00	563.20	1.105 times
09 Wed Oct 2024	561.70	576.30	580.00	553.60	1.449 times
08 Tue Oct 2024	573.25	546.45	578.00	540.05	0.89 times
07 Mon Oct 2024	546.45	575.20	575.20	541.35	1.346 times
04 Fri Oct 2024	575.20	583.00	590.45	571.00	0.492 times

Stock of Ig Petrochemicals (IGPL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 567.2, but if it comes above 567.2, then a intra day buy could be more profitable.
If you take a sell trade below 567.2, then use 567.2 as stoploss and 543.8 as target. However if you take a buy trade in stock , then use 567.2 as stoploss and 586.72 as target.

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	437.70
Downside Target	540.05
Downside Target	552.00
Upside Target	571.00
Upside Target	598.00
Upside Target	609.70
Upside Target	623.90
Upside Target	626.00
Upside Target	659.25
Upside Target	665.00
Upside Target	690.90
Upside Target	727.00

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	538.8
Downside Intraday Target	521.4
Upside Intraday Target	586.8
Upside Intraday Target	617.4
Upside Intraday Target	569.4

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	556.20	589.15	600.00	552.00	1.216 times
11 Fri Oct 2024	586.20	575.20	598.00	540.05	1.288 times
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

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
17 Thu Oct 2024	556.20	605.00	609.70	540.05	0.467 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but buying 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 568.63 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.