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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 2024-07-26 View latest technical analysis

10 day averaged volume of Essar Shipping is 746149

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	56.97	58.29	59.40	56.75	0.662 times
25 Thu Jul 2024	56.99	54.00	58.20	54.00	1.21 times
24 Wed Jul 2024	56.54	56.75	59.70	56.13	1.016 times
23 Tue Jul 2024	59.09	61.95	61.95	59.09	0.66 times
22 Mon Jul 2024	62.20	61.33	67.40	61.33	2.099 times
19 Fri Jul 2024	64.56	64.56	64.56	64.56	0.166 times
18 Thu Jul 2024	67.96	68.00	69.67	67.96	0.724 times
16 Tue Jul 2024	71.54	68.14	71.54	65.01	3.169 times
01 Fri Dec 2023	17.35	17.00	17.50	16.85	0.255 times
30 Thu Nov 2023	16.95	17.40	17.40	16.10	0.359 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 57.3 as stoploss in an intra day sell trade for a target of 34.97. However, stock will show a bullish move above 57.3.

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	51.51
Downside Intraday Target	46.06
Upside Intraday Target	64.91
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
26 Fri Jul 2024	56.97	61.33	67.40	54.00	1.391 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
26 Fri Jul 2024	56.97	68.14	71.54	54.00	38.016 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Essar Shipping in short term and the buy signal is strong.

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 coming down

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 61.13 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.