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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 2024-10-01 View latest technical analysis

10 day averaged volume of Essar Shipping is 238069

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	42.63	42.63	42.63	42.63	0.116 times
30 Mon Sep 2024	43.51	43.51	43.51	43.51	0.13 times
27 Fri Sep 2024	44.40	44.40	44.40	44.40	0.133 times
26 Thu Sep 2024	45.31	49.74	49.74	45.01	1.691 times
25 Wed Sep 2024	47.38	45.15	47.40	45.15	2.262 times
24 Tue Sep 2024	45.15	44.35	45.15	43.00	2.033 times
23 Mon Sep 2024	43.00	42.00	43.00	41.10	0.792 times
20 Fri Sep 2024	40.96	39.45	40.96	39.45	0.505 times
19 Thu Sep 2024	39.01	40.40	41.00	38.33	0.935 times
18 Wed Sep 2024	40.13	41.35	41.50	40.00	0.759 times

My analysis of stock is bearish for shortterm, and stock might move down till 41.2 or till 38.9. Use a stoploss of 43.06 and if the stock hits stoploss, then it can shoot up till 44.96

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	16.85
Downside Target	17.50
Downside Target	38.33
Downside Target	39.99
Downside Target	41.10
Downside Target	42.63
Upside Target	45.20
Upside Target	46.50
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	42.34
Downside Intraday Target	42.04
Upside Intraday Target	43.22
Upside Intraday Target	43.8
Upside Intraday Target	42.92

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	42.63	43.51	43.51	42.63	0.036 times
27 Fri Sep 2024	44.40	42.00	49.74	41.10	1.887 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

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
01 Tue Oct 2024	42.63	42.63	42.63	42.63	0.006 times
30 Mon Sep 2024	43.51	45.85	49.74	38.33	0.635 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

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

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 getting stronger in this stock.

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

CCI has generated a SELL signal for Essar Shipping in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 44.22 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 negative.

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