Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-26 View latest technical analysis

10 day averaged volume of Essar Shipping is 253499

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	47.48	49.10	49.10	47.10	0.768 times
23 Fri Aug 2024	48.58	49.61	50.00	47.55	0.843 times
22 Thu Aug 2024	49.64	50.45	50.79	48.95	1.491 times
21 Wed Aug 2024	51.39	51.15	51.42	50.15	2.682 times
20 Tue Aug 2024	48.98	48.70	48.98	48.50	0.308 times
19 Mon Aug 2024	46.65	45.30	46.65	45.00	0.408 times
16 Fri Aug 2024	44.43	46.90	46.90	44.00	0.781 times
14 Wed Aug 2024	45.12	44.88	45.48	44.10	0.716 times
13 Tue Aug 2024	44.88	47.45	47.45	44.70	1.016 times
12 Mon Aug 2024	46.41	47.50	47.90	46.00	0.878 times

My analysis of stock is bearish for shortterm, and stock might move down till 45.7 or till 41.5. Use a stoploss of 49.23 and if the stock hits stoploss, then it can shoot up till 52.74

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	47.10
Upside Target	49.10
Upside Target	54.00
Upside Target	56.50
Upside Target	58.00
Upside Target	71.54

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	46.69
Downside Intraday Target	45.89
Upside Intraday Target	48.69
Upside Intraday Target	49.89
Upside Intraday Target	47.89

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	47.48	49.10	49.10	47.10	0.134 times
23 Fri Aug 2024	48.58	45.30	51.42	45.00	1.691 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

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
26 Mon Aug 2024	47.48	55.90	56.50	44.00	0.751 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Essar Shipping ( (ESSARSHPNG_BE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 SELL signal for Essar Shipping in short term but SELL 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

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 48.2 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.