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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 2024-09-26 View latest technical analysis

10 day averaged volume of Essar Shipping is 234446

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	45.31	49.74	49.74	45.01	1.717 times
25 Wed Sep 2024	47.38	45.15	47.40	45.15	2.297 times
24 Tue Sep 2024	45.15	44.35	45.15	43.00	2.065 times
23 Mon Sep 2024	43.00	42.00	43.00	41.10	0.805 times
20 Fri Sep 2024	40.96	39.45	40.96	39.45	0.513 times
19 Thu Sep 2024	39.01	40.40	41.00	38.33	0.95 times
18 Wed Sep 2024	40.13	41.35	41.50	40.00	0.771 times
17 Tue Sep 2024	40.98	41.58	42.40	40.80	0.771 times
16 Mon Sep 2024	41.74	42.88	42.88	41.05	0.716 times
13 Fri Sep 2024	42.88	41.05	44.00	41.05	0.521 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 45.2, but if it comes below 45.2, then a intra day sell could be more profitable.
If you take a sell trade below 45.2, then use 45.2 as stoploss and 43.26 as target. However if you take a buy trade in stock , then use 45.2 as stoploss and 47.6 as target.

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
Downside Target	45.20
Upside Target	46.50
Upside Target	49.10
Upside Target	49.74
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	41.03
Downside Intraday Target	36.74
Upside Intraday Target	49.67
Upside Intraday Target	54.02
Upside Intraday Target	45.38

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	45.31	42.00	49.74	41.10	1.85 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	45.31	45.85	49.74	38.33	0.626 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 up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Essar Shipping ( (ESSARSHPNG_BE) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Essar Shipping in short term and the buy signal is strong.

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

Essar Shipping Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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 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 43.8 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 positive

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