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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 2024-05-15 View latest technical analysis

10 day averaged volume of Essar Shipping is 667940

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	28.05	28.05	28.60	27.80	0.335 times
14 Tue May 2024	27.90	27.10	29.20	27.10	0.886 times
13 Mon May 2024	26.90	28.50	28.50	26.05	0.695 times
10 Fri May 2024	27.70	27.70	28.45	27.10	0.468 times
09 Thu May 2024	27.45	29.15	29.65	27.10	0.647 times
08 Wed May 2024	29.00	28.90	30.40	28.35	1.073 times
07 Tue May 2024	28.40	31.40	32.10	27.85	2.293 times
06 Mon May 2024	30.50	28.00	30.50	27.05	1.863 times
03 Fri May 2024	27.75	28.90	29.15	27.20	0.886 times
02 Thu May 2024	28.20	29.45	29.45	28.00	0.613 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 27.8 as stoploss in an intra day buy trade for a target of 29.18. However, stock will show a bearish move below 27.8.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	19.75
Downside Target	20.90
Downside Target	25.05
Downside Target	26.05
Downside Target	27.05
Upside Target	28.45
Upside Target	30.60
Upside Target	32.10
Upside Target	32.90
Upside Target	33.00
Upside Target	34.40
Upside Target	36.00

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	26.33
Downside Intraday Target	24.62
Upside Intraday Target	29.48
Upside Intraday Target	30.92
Downside Intraday Target	27.77

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	28.05	28.50	29.20	26.05	0.302 times
10 Fri May 2024	27.70	28.00	32.10	27.05	2.553 times
03 Fri May 2024	27.75	30.00	30.60	27.20	0.5 times
26 Fri Apr 2024	30.30	33.00	34.40	28.65	0.521 times
19 Fri Apr 2024	31.45	26.50	33.00	25.05	2.478 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 Wed May 2024	28.05	29.45	32.10	26.05	0.398 times
30 Tue Apr 2024	28.75	20.90	34.40	20.90	1.715 times
28 Thu Mar 2024	20.50	27.30	28.45	19.75	1.317 times
29 Thu Feb 2024	26.90	31.65	32.90	25.50	0.667 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Essar Shipping ( (ESSARSHPNG) ) 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 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 Weak and stock is gaining momentum.

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

Essar Shipping 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Essar Shipping 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 Essar Shipping is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 28.53 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 positive

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