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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 343345

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri May 2025	27.69	27.61	28.38	27.06	0.633 times
08 Thu May 2025	28.49	28.31	29.13	27.55	0.991 times
07 Wed May 2025	27.75	27.69	29.00	27.34	0.827 times
06 Tue May 2025	28.78	31.00	31.00	28.78	0.711 times
05 Mon May 2025	30.30	30.08	30.95	30.01	0.464 times
02 Fri May 2025	30.07	30.00	31.00	29.21	0.742 times
30 Wed Apr 2025	30.37	32.40	32.89	30.30	1.319 times
29 Tue Apr 2025	31.89	30.53	31.89	30.53	0.362 times
28 Mon Apr 2025	30.38	30.26	31.60	30.12	0.738 times
25 Fri Apr 2025	30.88	31.72	32.49	30.16	1.221 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 26.2 as stoploss in an intra day buy trade for a target of 29.32. However, stock will show a bearish move below 26.2.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	21.50
Downside Target	22.40
Downside Target	24.73
Downside Target	25.79
Downside Target	27.06
Upside Target	29.21
Upside Target	30.16
Upside Target	32.89
Upside Target	33.20
Upside Target	36.90
Upside Target	48.51
Upside Target	59.45
Upside Target	68.14

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	26.17
Downside Intraday Target	24.64
Upside Intraday Target	30.11
Upside Intraday Target	32.52
Upside Intraday Target	28.58

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri May 2025	27.69	30.08	31.00	27.06	1.147 times
02 Fri May 2025	30.07	30.26	32.89	29.21	0.329 times
25 Fri Apr 2025	30.88	31.50	36.90	30.16	2.79 times
17 Thu Apr 2025	30.44	25.90	30.44	24.73	1.943 times
11 Fri Apr 2025	24.33	22.40	25.79	22.40	0.157 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
09 Fri May 2025	27.69	30.00	31.00	27.06	0.229 times
30 Wed Apr 2025	30.37	21.51	36.90	21.50	0.269 times
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

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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Essar Shipping in short term but the buy 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Essar Shipping in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 29.63 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 negative.

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