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(ESSARSHPNG_BE) Essar Shipping complete technical analysis [charts+indicators] | Buy/Sell Essar Shipping | (ESSARSHPNG_BE) share price targets

Complete technical analysis of Essar Shipping (ESSARSHPNG_BE) by charts plus indicators, forecast predictions and share price targets for Essar Shipping (ESSARSHPNG_BE)

Showing technical analysis as on 2023-11-22 View latest technical analysis

10 day averaged volume of Essar Shipping is 320223

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed Nov 2023	16.00	16.40	16.70	16.00	0.455 times
21 Tue Nov 2023	16.85	16.75	18.25	16.75	1.939 times
20 Mon Nov 2023	17.60	18.50	18.50	16.80	2.678 times
17 Fri Nov 2023	17.65	17.65	17.65	17.65	0.353 times
16 Thu Nov 2023	17.35	17.35	17.35	17.35	0.282 times
15 Wed Nov 2023	17.05	17.05	17.05	17.05	0.316 times
13 Mon Nov 2023	16.75	16.75	16.75	16.75	0.311 times
12 Sun Nov 2023	16.45	16.45	16.45	16.45	0.092 times
10 Fri Nov 2023	16.15	16.15	16.15	16.00	1.675 times
09 Thu Nov 2023	15.85	15.35	15.85	15.35	1.082 times

My analysis of stock is bearish for shortterm, and stock might move down till 15.1 or till 14. Use a stoploss of 16.02 and if the stock hits stoploss, then it can shoot up till 16.95

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	10.25
Downside Target	10.70
Downside Target	12.35
Downside Target	13.25
Downside Target	13.75
Downside Target	14.25
Downside Target	14.60
Downside Target	15.05
Downside Target	15.45
Upside Target	16.65
Upside Target	17.65
Upside Target	18.50
Upside Target	19.40

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	15.17
Downside Intraday Target	14.33
Upside Intraday Target	17.67
Upside Intraday Target	19.33
Upside Intraday Target	16.83

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed Nov 2023	16.00	18.50	18.50	16.00	3.746 times
17 Fri Nov 2023	17.65	16.45	17.65	16.45	0.322 times
10 Fri Nov 2023	16.15	15.05	16.15	15.05	3.559 times
03 Fri Nov 2023	14.80	15.45	15.45	14.25	5.617 times
27 Fri Oct 2023	15.75	16.65	16.65	15.75	0.32 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Wed Nov 2023	16.00	14.85	18.50	14.25	1.291 times
31 Tue Oct 2023	15.15	14.95	19.40	13.75	1.464 times
29 Fri Sep 2023	14.25	14.00	14.60	13.25	0.317 times
31 Thu Aug 2023	14.25	11.30	15.10	10.70	1.878 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_BE)

Price action analysis of Essar Shipping ( (ESSARSHPNG_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Essar Shipping ( (ESSARSHPNG_BE) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Essar Shipping ( (ESSARSHPNG_BE) ) 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 BUY signal for Essar Shipping in short term and the buy signal is strong.

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 16.83 and Essar Shipping (ESSARSHPNG_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Essar Shipping (ESSARSHPNG_BE) stock. Volume based technical analysis of Essar Shipping (ESSARSHPNG_BE) stock is negative.

Essar Shipping Stock is giving positive 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.