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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 2024-09-23 View latest technical analysis

10 day averaged volume of Essar Shipping is 195930

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	43.00	42.00	43.00	41.10	0.963 times
20 Fri Sep 2024	40.96	39.45	40.96	39.45	0.614 times
19 Thu Sep 2024	39.01	40.40	41.00	38.33	1.136 times
18 Wed Sep 2024	40.13	41.35	41.50	40.00	0.922 times
17 Tue Sep 2024	40.98	41.58	42.40	40.80	0.922 times
16 Mon Sep 2024	41.74	42.88	42.88	41.05	0.857 times
13 Fri Sep 2024	42.88	41.05	44.00	41.05	0.624 times
12 Thu Sep 2024	42.28	43.19	43.85	41.30	0.709 times
11 Wed Sep 2024	43.19	44.00	45.20	43.01	0.854 times
10 Tue Sep 2024	43.76	42.09	44.19	39.99	2.22 times

My analysis of stock is bearish for shortterm, and stock might move down till 41.2 or till 38.8. Use a stoploss of 43.3 and if the stock hits stoploss, then it can shoot up till 45.35

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	14.25
Downside Target	16.85
Downside Target	17.50
Downside Target	18.50
Downside Target	38.33
Downside Target	39.99
Downside Target	41.10
Downside Target	42.88
Upside Target	45.20
Upside Target	46.50
Upside Target	49.10
Upside Target	54.00
Upside Target	56.50
Upside Target	71.54

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	41.73
Downside Intraday Target	40.47
Upside Intraday Target	43.63
Upside Intraday Target	44.27
Downside Intraday Target	42.37

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	43.00	42.00	43.00	41.10	0.216 times
20 Fri Sep 2024	40.96	42.88	42.88	38.33	0.802 times
13 Fri Sep 2024	42.88	44.31	45.20	39.99	1.422 times
06 Fri Sep 2024	44.31	45.85	46.50	43.05	0.825 times
30 Fri Aug 2024	45.19	49.10	49.10	43.25	0.638 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
23 Mon Sep 2024	43.00	45.85	46.50	38.33	0.42 times
30 Fri Aug 2024	45.19	55.90	56.50	43.25	0.839 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

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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Essar Shipping in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 red color and prices are in or above the red 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

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 41.97 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 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 negative.

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