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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 2024-07-29 View latest technical analysis

10 day averaged volume of Essar Shipping is 770061

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	56.83	56.97	58.00	55.00	0.471 times
26 Fri Jul 2024	56.97	58.29	59.40	56.75	0.641 times
25 Thu Jul 2024	56.99	54.00	58.20	54.00	1.172 times
24 Wed Jul 2024	56.54	56.75	59.70	56.13	0.985 times
23 Tue Jul 2024	59.09	61.95	61.95	59.09	0.639 times
22 Mon Jul 2024	62.20	61.33	67.40	61.33	2.034 times
19 Fri Jul 2024	64.56	64.56	64.56	64.56	0.16 times
18 Thu Jul 2024	67.96	68.00	69.67	67.96	0.702 times
16 Tue Jul 2024	71.54	68.14	71.54	65.01	3.071 times
01 Fri Dec 2023	17.35	17.00	17.50	16.85	0.247 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 59.4 as stoploss in an intra day sell trade for a target of 36.96. However, stock will show a bullish move above 59.4.

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	16.85
Downside Target	17.50
Downside Target	18.50
Downside Target	19.40
Downside Target	54.00
Upside Target	58.00
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	55.22
Downside Intraday Target	53.61
Upside Intraday Target	58.22
Upside Intraday Target	59.61
Downside Intraday Target	56.61

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	56.83	56.97	58.00	55.00	0.086 times
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

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
29 Mon Jul 2024	56.83	68.14	71.54	54.00	39.921 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 losing 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 BUY signal in short term and the buying is gaining 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 62.44 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.