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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 2023-11-29 View latest technical analysis

10 day averaged volume of Essar Shipping is 294814

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Nov 2023	16.60	17.65	17.65	16.40	0.864 times
28 Tue Nov 2023	17.10	16.40	17.10	16.00	1.151 times
24 Fri Nov 2023	16.30	16.70	16.75	16.05	0.971 times
23 Thu Nov 2023	16.80	15.60	16.80	15.60	0.999 times
22 Wed Nov 2023	16.00	16.40	16.70	16.00	0.495 times
21 Tue Nov 2023	16.85	16.75	18.25	16.75	2.106 times
20 Mon Nov 2023	17.60	18.50	18.50	16.80	2.909 times
17 Fri Nov 2023	17.65	17.65	17.65	17.65	0.384 times
16 Thu Nov 2023	17.35	17.35	17.35	17.35	0.306 times
15 Wed Nov 2023	17.05	17.05	17.05	17.05	0.343 times

My analysis of stock is bullish for shortterm, and stock might move up till 17.2 or till 18.3. Use a stoploss of 16.24 and if this stock hits its stoploss, then it can fall down till 15.31

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
Downside Target	16.00
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	15.85
Downside Intraday Target	15.1
Upside Intraday Target	17.5
Upside Intraday Target	18.4
Upside Intraday Target	16.75

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Nov 2023	16.60	16.40	17.65	16.00	0.269 times
24 Fri Nov 2023	16.30	18.50	18.50	15.60	5.086 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed Nov 2023	16.60	14.85	18.50	14.25	1.699 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, and volume has increased substantially. This means that the move can 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Essar Shipping ( (ESSARSHPNG_BE) ) 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_BE) ) based on a short to mid 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_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 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.

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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Essar Shipping in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying 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 17.02 and Essar Shipping (ESSARSHPNG_BE) 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_BE) stock. Volume based technical analysis of Essar Shipping (ESSARSHPNG_BE) 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.