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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 2024-08-12 View latest technical analysis

10 day averaged volume of Essar Shipping is 470807

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	46.41	47.50	47.90	46.00	0.473 times
09 Fri Aug 2024	47.40	46.35	49.30	46.35	0.472 times
08 Thu Aug 2024	47.09	48.00	48.40	46.15	0.48 times
07 Wed Aug 2024	48.21	49.25	49.60	46.50	0.87 times
06 Tue Aug 2024	48.88	48.30	50.71	48.30	1.264 times
05 Mon Aug 2024	48.30	47.72	49.85	47.71	1.019 times
02 Fri Aug 2024	50.23	51.65	52.00	50.03	2.32 times
01 Thu Aug 2024	52.67	55.90	56.50	52.49	1.418 times
31 Wed Jul 2024	55.26	56.50	57.12	54.10	0.72 times
30 Tue Jul 2024	56.11	57.26	57.30	55.67	0.666 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 42.7 as stoploss in an intra day buy trade for a target of 53.53. However, stock will show a bearish move below 42.7.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	13.75
Downside Target	14.25
Downside Target	16.85
Downside Target	17.50
Downside Target	18.50
Downside Target	19.40
Downside Target	46.00
Upside Target	47.90
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	45.64
Downside Intraday Target	44.87
Upside Intraday Target	47.54
Upside Intraday Target	48.67
Upside Intraday Target	46.77

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	46.41	47.50	47.90	46.00	0.115 times
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

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
12 Mon Aug 2024	46.41	55.90	56.50	46.00	0.474 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 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 losing 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 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 50.32 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.