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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 2024-12-23 View latest technical analysis

10 day averaged volume of Ig Petrochemicals is 24915

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	563.50	559.10	567.75	548.55	1.364 times
20 Fri Dec 2024	554.80	555.00	563.00	542.00	1.165 times
19 Thu Dec 2024	557.65	568.00	571.05	555.00	1.607 times
18 Wed Dec 2024	570.25	572.20	575.55	565.00	0.542 times
17 Tue Dec 2024	572.20	594.20	594.20	567.05	0.951 times
16 Mon Dec 2024	589.45	586.65	602.65	586.65	0.603 times
13 Fri Dec 2024	590.35	595.15	596.80	586.00	0.533 times
12 Thu Dec 2024	599.40	602.05	611.95	595.00	1.067 times
11 Wed Dec 2024	600.55	587.00	604.50	587.00	1.049 times
10 Tue Dec 2024	587.90	604.00	604.00	579.95	0.993 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 563.2 as stoploss in an intra day buy trade for a target of 585. However, stock will show a bearish move below 563.2.

Share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Target	513.00
Downside Target	542.00
Upside Target	567.75
Upside Target	594.00
Upside Target	609.70
Upside Target	611.95
Upside Target	624.70
Upside Target	656.85
Upside Target	690.90
Upside Target	727.00

Intraday share price targets for Ig Petrochemicals (IGPL)

Target Type	Value
Downside Intraday Target	552.12
Downside Intraday Target	540.73
Upside Intraday Target	571.32
Upside Intraday Target	579.13
Downside Intraday Target	559.93

Weekly technical analysis of Ig Petrochemicals (IGPL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	563.50	559.10	567.75	548.55	0.28 times
20 Fri Dec 2024	554.80	586.65	602.65	542.00	0.949 times
13 Fri Dec 2024	590.35	608.85	611.95	579.95	0.612 times
06 Fri Dec 2024	604.10	607.50	624.70	594.00	0.719 times
29 Fri Nov 2024	614.00	526.35	656.85	526.35	3.932 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
23 Mon Dec 2024	563.50	607.50	624.70	542.00	0.771 times
29 Fri Nov 2024	614.00	579.90	656.85	518.50	0.699 times
31 Thu Oct 2024	575.55	605.00	609.70	513.00	0.813 times
30 Mon Sep 2024	598.80	684.35	690.90	576.00	0.445 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 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 Weak and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Ig Petrochemicals in short term but BUY signal is weak.

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 576.04 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.