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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 2024-06-06 View latest technical analysis

10 day averaged volume of Essar Shipping is 1040784

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	30.05	28.90	30.95	28.75	0.865 times
05 Wed Jun 2024	28.15	27.80	28.60	25.85	0.77 times
04 Tue Jun 2024	27.10	29.90	29.90	26.15	1.032 times
03 Mon Jun 2024	29.05	32.00	32.35	27.20	1.021 times
31 Fri May 2024	30.20	30.70	31.40	29.20	0.405 times
30 Thu May 2024	29.90	30.80	31.65	29.70	0.442 times
29 Wed May 2024	30.80	29.15	32.35	28.40	1.506 times
28 Tue May 2024	29.45	31.20	31.20	29.00	0.393 times
27 Mon May 2024	30.60	32.70	33.00	30.05	0.862 times
24 Fri May 2024	31.20	30.95	33.20	30.75	2.839 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 30.2 as stoploss in an intra day sell trade for a target of 28.93. However, stock will show a bullish move above 30.2.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	19.75
Downside Target	20.90
Downside Target	25.50
Downside Target	27.05
Downside Target	28.40
Downside Target	29.35
Upside Target	32.10
Upside Target	32.35
Upside Target	32.90
Upside Target	33.00
Upside Target	33.20
Upside Target	34.40

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	26.48
Downside Intraday Target	22.92
Upside Intraday Target	32.98
Upside Intraday Target	35.92
Downside Intraday Target	29.42

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	30.05	32.00	32.35	25.85	1.022 times
31 Fri May 2024	30.20	32.70	33.00	28.40	0.887 times
24 Fri May 2024	31.20	29.10	33.20	27.50	2.199 times
18 Sat May 2024	28.50	28.50	29.35	26.05	0.454 times
10 Fri May 2024	27.70	28.00	32.10	27.05	2.553 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
06 Thu Jun 2024	30.05	32.00	32.35	25.85	0.253 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
28 Thu Mar 2024	20.50	27.30	28.45	19.75	1.317 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 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 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 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 Weak and stock is losing momentum.

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

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

Essar Shipping Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

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 29.96 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 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.