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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 2024-07-25 View latest technical analysis

10 day averaged volume of Essar Shipping is 689819

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	56.99	54.00	58.20	54.00	1.309 times
24 Wed Jul 2024	56.54	56.75	59.70	56.13	1.099 times
23 Tue Jul 2024	59.09	61.95	61.95	59.09	0.714 times
22 Mon Jul 2024	62.20	61.33	67.40	61.33	2.271 times
19 Fri Jul 2024	64.56	64.56	64.56	64.56	0.179 times
18 Thu Jul 2024	67.96	68.00	69.67	67.96	0.784 times
16 Tue Jul 2024	71.54	68.14	71.54	65.01	3.428 times
01 Fri Dec 2023	17.35	17.00	17.50	16.85	0.276 times
30 Thu Nov 2023	16.95	17.40	17.40	16.10	0.388 times
29 Wed Nov 2023	16.60	17.65	17.65	16.40	0.369 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 55, but if it comes below 55, then a intra day sell could be more profitable.
If you take a sell trade below 55, then use 55 as stoploss and 32.96 as target. However if you take a buy trade in stock , then use 55 as stoploss and 81.5 as target.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	13.25
Downside Target	13.75
Downside Target	14.25
Downside Target	14.60
Downside Target	15.60
Downside Target	16.00
Downside Target	16.45
Downside Target	16.85
Downside Target	17.50
Downside Target	18.50
Downside Target	19.40
Downside Target	54.00
Upside Target	64.56
Upside Target	67.40
Upside Target	71.54

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	51.53
Downside Intraday Target	46.06
Upside Intraday Target	64.93
Upside Intraday Target	72.86
Upside Intraday Target	59.46

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	56.99	61.33	67.40	54.00	1.228 times
19 Fri Jul 2024	64.56	68.14	71.54	64.56	2.878 times
01 Fri Dec 2023	17.35	16.40	17.65	16.00	0.477 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	56.99	68.14	71.54	54.00	35.424 times
01 Fri Dec 2023	17.35	17.00	17.50	16.85	0.037 times
30 Thu Nov 2023	16.95	14.85	18.50	14.25	1.792 times
31 Tue Oct 2023	15.15	14.95	19.40	13.75	1.464 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Essar Shipping stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Essar Shipping in short term and the buy signal is strong.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 SELL signal for Essar Shipping in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 59.88 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 positive

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