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Stock analysis IG Petrochemicals Limited IGPL

More indepth analysis on MunafaSutra.com

Moving Averages for IG Petrochemicals Limited

  • 5Day Average: 528.67
  • 12Day Average: 543.99
  • 20Day Average: 553.29
  • 50Day Average: 566.6
  • 100Day Average: 589.52
  • 150Day Average: 597.95
  • 200Day Average: 573.88

IGPL Indicators & signals

Indicator MACD (12,26,9)

542.47, 554.8, -8.27
Indicator MACD is in negative zone

Indicator ADX (14)

24.89, 16.24, 27.01
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of IGPL IG Petrochemicals Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Jan 2025 521.20 508.25 to 527.50 0.16% 0.56 times
09 Thu Jan 2025 520.35 517.70 to 541.35 -1.3% 0.64 times
08 Wed Jan 2025 527.20 521.00 to 536.00 -0.63% 0.55 times
07 Tue Jan 2025 530.55 528.80 to 548.35 -2.48% 1.67 times
06 Mon Jan 2025 544.05 535.50 to 559.45 -2.49% 1.17 times
03 Fri Jan 2025 557.95 555.00 to 589.20 -3.9% 1.97 times
02 Thu Jan 2025 580.60 567.60 to 586.05 1.58% 0.46 times
01 Wed Jan 2025 571.55 559.45 to 574.25 2.16% 0.33 times
31 Tue Dec 2024 559.45 542.95 to 570.45 2.97% 1.27 times
30 Mon Dec 2024 543.30 523.65 to 556.50 2.86% 1.01 times
27 Fri Dec 2024 528.20 527.50 to 547.65 -2.81% 0.94 times
26 Thu Dec 2024 543.45 540.10 to 564.35 -2.94% 0.49 times

Technical analysis forecast for IG Petrochemicals Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT IG Petrochemicals Limited IGPL at this time. Stock is falling and might fall more.

It appears as if IG Petrochemicals Limited IGPL gave a large move recently.

Stock of IG Petrochemicals Limited (IGPL) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of IG Petrochemicals Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if IG Petrochemicals Limited stays below 531.1, but if it comes above 531.1, then a intra day buy could be more profitable.
If you take a sell trade below 531.1, then use 531.1 as stoploss and 507.4 as target. However if you take a buy trade in IG Petrochemicals Limited, then use 531.1 as stoploss and 550.78 as target.

More indepth analysis on MunafaSutra.com