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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 2024-07-04 View latest technical analysis

10 day averaged volume of Essar Shipping is 2137573

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	54.82	50.00	54.82	50.00	2.251 times
03 Wed Jul 2024	49.84	49.45	50.95	48.96	0.285 times
02 Tue Jul 2024	49.15	50.17	51.05	48.91	0.25 times
01 Mon Jul 2024	50.04	49.68	51.60	48.51	0.475 times
28 Fri Jun 2024	49.43	51.40	52.10	49.20	0.38 times
27 Thu Jun 2024	51.10	50.70	53.00	50.30	0.548 times
26 Wed Jun 2024	50.69	51.68	53.95	50.31	0.555 times
25 Tue Jun 2024	50.95	54.00	55.41	49.63	0.698 times
24 Mon Jun 2024	53.45	52.90	56.55	50.20	0.873 times
21 Fri Jun 2024	53.16	58.50	58.95	52.26	2.275 times

Stock of Essar Shipping (ESSARSHPNG) has showed a significant upmove. This could be a good time to enter in this stock!

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 54.9 as stoploss in an intra day sell trade for a target of 47.76. However, stock will show a bullish move above 54.9.

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	31.30
Downside Target	32.35
Downside Target	33.20
Downside Target	34.40
Downside Target	45.16
Downside Target	47.92
Downside Target	54.82
Upside Target	56.55
Upside Target	59.45

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	50.61
Downside Intraday Target	46.41
Upside Intraday Target	56.92
Upside Intraday Target	59.03
Downside Intraday Target	52.72

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	54.82	49.68	54.82	48.51	1.068 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
14 Fri Jun 2024	44.68	31.80	47.92	31.30	6.365 times
07 Fri Jun 2024	31.25	32.00	32.35	25.85	1.232 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
04 Thu Jul 2024	54.82	49.68	54.82	48.51	0.11 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 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 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 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 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 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 positive zone. This is a BUY 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 52.59 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.