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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 2024-08-09 View latest technical analysis

10 day averaged volume of Essar Shipping is 497963

Date Daily Closing Price Open High Low Volume
09 Fri Aug 2024 47.40 46.35 49.30 46.35 0.446 times
08 Thu Aug 2024 47.09 48.00 48.40 46.15 0.453 times
07 Wed Aug 2024 48.21 49.25 49.60 46.50 0.823 times
06 Tue Aug 2024 48.88 48.30 50.71 48.30 1.195 times
05 Mon Aug 2024 48.30 47.72 49.85 47.71 0.964 times
02 Fri Aug 2024 50.23 51.65 52.00 50.03 2.193 times
01 Thu Aug 2024 52.67 55.90 56.50 52.49 1.341 times
31 Wed Jul 2024 55.26 56.50 57.12 54.10 0.681 times
30 Tue Jul 2024 56.11 57.26 57.30 55.67 0.63 times
29 Mon Jul 2024 56.83 56.97 58.00 55.00 0.729 times

My analysis of stock is bearish for shortterm, and stock might move down till 38.7 or till 22.6. Use a stoploss of 52.06 and if the stock hits stoploss, then it can shoot up till 65.45

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type Value
Downside Target 13.75
Downside Target 14.25
Downside Target 16.00
Downside Target 16.85
Downside Target 17.50
Downside Target 18.50
Downside Target 19.40
Downside Target 46.15
Upside Target 50.03
Upside Target 54.00
Upside Target 56.50
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 45.46
Downside Intraday Target 43.53
Upside Intraday Target 50.02
Upside Intraday Target 52.65
Upside Intraday Target 48.09

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date Weekly Closing Price Open High Low Volume
09 Fri Aug 2024 47.40 47.72 50.71 46.15 0.697 times
02 Fri Aug 2024 50.23 56.97 58.00 50.03 0.659 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

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
09 Fri Aug 2024 47.40 55.90 56.50 46.15 0.447 times
31 Wed Jul 2024 55.26 68.14 71.54 54.00 43.347 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

Scroll below to view daily charts

Price has moved down 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 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 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 Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 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 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 51.01 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 positive

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

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 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 Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 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 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 51.01 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 positive

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

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Daily charts

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