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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 2024-08-20 View latest technical analysis

10 day averaged volume of Essar Shipping is 289581

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	48.98	48.70	48.98	48.50	0.27 times
19 Mon Aug 2024	46.65	45.30	46.65	45.00	0.357 times
16 Fri Aug 2024	44.43	46.90	46.90	44.00	0.683 times
14 Wed Aug 2024	45.12	44.88	45.48	44.10	0.627 times
13 Tue Aug 2024	44.88	47.45	47.45	44.70	0.889 times
12 Mon Aug 2024	46.41	47.50	47.90	46.00	0.768 times
09 Fri Aug 2024	47.40	46.35	49.30	46.35	0.768 times
08 Thu Aug 2024	47.09	48.00	48.40	46.15	0.78 times
07 Wed Aug 2024	48.21	49.25	49.60	46.50	1.415 times
06 Tue Aug 2024	48.88	48.30	50.71	48.30	2.055 times

My analysis of stock is bearish for shortterm, and stock might move down till 46.1 or till 40.3. Use a stoploss of 50.85 and if the stock hits stoploss, then it can shoot up till 55.62

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
Downside Target	45.00
Downside Target	46.15
Downside Target	47.90
Downside Target	48.98
Upside Target	50.03
Upside Target	54.00
Upside Target	56.50
Upside Target	58.00
Upside Target	67.40
Upside Target	71.54

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	46.33
Downside Intraday Target	43.67
Upside Intraday Target	50.31
Upside Intraday Target	51.63
Downside Intraday Target	47.65

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	48.98	45.30	48.98	45.00	0.211 times
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

Price has moved up 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
20 Tue Aug 2024	48.98	55.90	56.50	44.00	0.573 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

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 but buying is losing 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 47.13 and Essar Shipping (ESSARSHPNG_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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.