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(ESSARSHPNG) Essar Shipping complete technical analysis [charts+indicators] | Buy/Sell Essar Shipping | (ESSARSHPNG) share price targets

Complete technical analysis of Essar Shipping (ESSARSHPNG) by charts plus indicators, forecast predictions and share price targets for Essar Shipping (ESSARSHPNG)

Essar Shipping trades in NSE in Shipping sector.

Showing technical analysis as on 2024-03-26 View latest technical analysis

10 day averaged volume of Essar Shipping is 454861

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	19.85	21.20	21.25	19.75	1.668 times
22 Fri Mar 2024	20.75	21.45	21.70	20.70	1.249 times
21 Thu Mar 2024	21.45	22.85	22.85	21.10	1.276 times
20 Wed Mar 2024	21.80	21.50	21.80	21.30	0.257 times
19 Tue Mar 2024	20.80	20.80	21.80	20.60	1.05 times
18 Mon Mar 2024	20.80	21.65	22.20	20.60	0.612 times
15 Fri Mar 2024	21.65	23.05	23.45	21.45	0.852 times
14 Thu Mar 2024	22.55	20.50	22.60	20.50	2.813 times
13 Wed Mar 2024	21.55	21.70	22.65	21.55	0.421 times
12 Tue Mar 2024	22.65	23.25	23.70	22.65	0.641 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21, but if it comes above 21, then a intra day buy could be more profitable.
If you take a sell trade below 21, then use 21 as stoploss and 17.9 as target. However if you take a buy trade in stock , then use 21 as stoploss and 23.6 as target.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	9.05
Downside Target	14.40
Downside Target	17.65
Downside Target	19.75
Upside Target	20.50
Upside Target	21.25
Upside Target	22.75
Upside Target	24.85
Upside Target	25.50
Upside Target	28.45
Upside Target	28.50
Upside Target	30.35
Upside Target	32.90
Upside Target	36.00
Upside Target	38.95

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	19.32
Downside Intraday Target	18.78
Upside Intraday Target	20.82
Upside Intraday Target	21.78
Upside Intraday Target	20.28

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	19.85	21.20	21.25	19.75	0.375 times
22 Fri Mar 2024	20.75	21.65	22.85	20.60	0.8 times
15 Fri Mar 2024	21.65	24.50	24.85	20.50	0.87 times
07 Thu Mar 2024	23.70	27.50	28.45	22.75	1.743 times
02 Sat Mar 2024	27.10	30.35	30.35	26.00	1.219 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 Essar Shipping (ESSARSHPNG)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	19.85	27.30	28.45	19.75	1.182 times
29 Thu Feb 2024	26.90	31.65	32.90	25.50	0.667 times
31 Wed Jan 2024	31.40	33.60	36.00	28.50	0.248 times
29 Fri Dec 2023	32.00	19.10	38.95	17.65	1.299 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 Essar Shipping (ESSARSHPNG)

Price action analysis of Essar Shipping ( (ESSARSHPNG) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Essar Shipping ( (ESSARSHPNG) ) 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 Essar Shipping ( (ESSARSHPNG) ) 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 Essar Shipping ( (ESSARSHPNG) ) 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 Essar Shipping stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Essar Shipping in short term and the sell signal is strong.

Essar Shipping 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 Essar Shipping 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 negative zone. This is the SELL zone

Stock of Essar Shipping is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.41 and Essar Shipping (ESSARSHPNG) 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 Essar Shipping (ESSARSHPNG) stock. Volume based technical analysis of Essar Shipping (ESSARSHPNG) stock is negative.

Essar Shipping 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.