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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.

10 day averaged volume of Essar Shipping is 2114491

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	68.14	64.00	68.14	63.45	1.541 times
12 Fri Jul 2024	61.95	58.50	61.95	58.10	3.325 times
11 Thu Jul 2024	56.32	52.00	56.32	52.00	0.785 times
10 Wed Jul 2024	51.20	52.58	53.19	49.48	0.296 times
09 Tue Jul 2024	52.36	53.89	54.29	51.86	0.268 times
08 Mon Jul 2024	53.00	55.24	56.30	52.40	0.516 times
05 Fri Jul 2024	54.84	54.94	57.77	53.41	1.513 times
04 Thu Jul 2024	54.82	50.00	54.82	50.00	2.275 times
03 Wed Jul 2024	49.84	49.45	50.95	48.96	0.289 times
02 Tue Jul 2024	49.15	50.17	51.05	48.91	0.253 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 63.7, for a target of 58.2 or 53.59

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	19.75
Downside Target	20.90
Downside Target	25.85
Downside Target	28.45
Downside Target	33.20
Downside Target	34.40
Downside Target	45.16
Downside Target	48.51
Downside Target	56.55
Downside Target	57.77
Downside Target	59.45
Downside Target	61.95
Downside Target	63.45
Downside Target	68.14

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	65.01
Downside Intraday Target	61.89
Upside Intraday Target	69.7
Upside Intraday Target	71.27
Downside Intraday Target	66.58

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	68.14	64.00	68.14	63.45	0.297 times
12 Fri Jul 2024	61.95	55.24	61.95	49.48	1.079 times
05 Fri Jul 2024	54.84	49.68	57.77	48.51	1.558 times
28 Fri Jun 2024	49.43	52.90	56.55	49.20	0.287 times
21 Fri Jun 2024	53.16	46.30	59.45	45.16	0.771 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 Essar Shipping (ESSARSHPNG)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	68.14	49.68	68.14	48.51	0.385 times
28 Fri Jun 2024	49.43	32.00	59.45	25.85	4.179 times
31 Fri May 2024	30.20	29.45	33.20	26.05	0.925 times
30 Tue Apr 2024	28.75	20.90	34.40	20.90	1.715 times

Scroll below to view daily charts

Price has moved up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Essar Shipping ( (ESSARSHPNG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Essar Shipping ( (ESSARSHPNG) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Essar Shipping ( (ESSARSHPNG) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Essar Shipping stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Essar Shipping in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Essar Shipping Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Essar Shipping in short term and BUY 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

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 58.43 and Essar Shipping (ESSARSHPNG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.