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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 2024-07-11 View latest technical analysis

10 day averaged volume of Essar Shipping is 1443861

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	56.32	52.00	56.32	52.00	1.149 times
10 Wed Jul 2024	51.20	52.58	53.19	49.48	0.433 times
09 Tue Jul 2024	52.36	53.89	54.29	51.86	0.393 times
08 Mon Jul 2024	53.00	55.24	56.30	52.40	0.756 times
05 Fri Jul 2024	54.84	54.94	57.77	53.41	2.216 times
04 Thu Jul 2024	54.82	50.00	54.82	50.00	3.332 times
03 Wed Jul 2024	49.84	49.45	50.95	48.96	0.423 times
02 Tue Jul 2024	49.15	50.17	51.05	48.91	0.37 times
01 Mon Jul 2024	50.04	49.68	51.60	48.51	0.703 times
28 Fri Jun 2024	49.43	51.40	52.10	49.20	0.562 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 54.8, but if it comes below 54.8, then a intra day sell could be more profitable.
If you take a sell trade below 54.8, then use 54.8 as stoploss and 51.65 as target. However if you take a buy trade in stock , then use 54.8 as stoploss and 58.5 as target.

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	33.20
Downside Target	34.40
Downside Target	45.16
Downside Target	47.92
Downside Target	56.32
Upside Target	56.55
Upside Target	57.77
Upside Target	59.45

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	51.76
Downside Intraday Target	47.2
Upside Intraday Target	58.6
Upside Intraday Target	60.88
Downside Intraday Target	54.04

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	56.32	55.24	56.32	49.48	0.388 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
14 Fri Jun 2024	44.68	31.80	47.92	31.30	6.365 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
11 Thu Jul 2024	56.32	49.68	57.77	48.51	0.223 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

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 53.59 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 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.