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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 2024-08-16 View latest technical analysis

10 day averaged volume of Essar Shipping is 435410

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	44.43	46.90	46.90	44.00	0.454 times
14 Wed Aug 2024	45.12	44.88	45.48	44.10	0.417 times
13 Tue Aug 2024	44.88	47.45	47.45	44.70	0.591 times
12 Mon Aug 2024	46.41	47.50	47.90	46.00	0.511 times
09 Fri Aug 2024	47.40	46.35	49.30	46.35	0.511 times
08 Thu Aug 2024	47.09	48.00	48.40	46.15	0.519 times
07 Wed Aug 2024	48.21	49.25	49.60	46.50	0.941 times
06 Tue Aug 2024	48.88	48.30	50.71	48.30	1.367 times
05 Mon Aug 2024	48.30	47.72	49.85	47.71	1.102 times
02 Fri Aug 2024	50.23	51.65	52.00	50.03	2.508 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 46.5, but if it comes above 46.5, then a intra day buy could be more profitable.
If you take a sell trade below 46.5, then use 46.5 as stoploss and 39.4 as target. However if you take a buy trade in stock , then use 46.5 as stoploss and 52.41 as target.

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	44.00
Upside Target	46.15
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	42.99
Downside Intraday Target	41.54
Upside Intraday Target	46.89
Upside Intraday Target	49.34
Upside Intraday Target	45.44

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	44.43	47.50	47.90	44.00	0.445 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
16 Fri Aug 2024	44.43	55.90	56.50	44.00	0.551 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 SELL. 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 48.12 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.