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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 2024-10-03 View latest technical analysis

10 day averaged volume of Essar Shipping is 222777

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	41.77	41.77	41.77	41.77	0.071 times
01 Tue Oct 2024	42.63	42.63	42.63	42.63	0.124 times
30 Mon Sep 2024	43.51	43.51	43.51	43.51	0.139 times
27 Fri Sep 2024	44.40	44.40	44.40	44.40	0.142 times
26 Thu Sep 2024	45.31	49.74	49.74	45.01	1.807 times
25 Wed Sep 2024	47.38	45.15	47.40	45.15	2.417 times
24 Tue Sep 2024	45.15	44.35	45.15	43.00	2.173 times
23 Mon Sep 2024	43.00	42.00	43.00	41.10	0.847 times
20 Fri Sep 2024	40.96	39.45	40.96	39.45	0.54 times
19 Thu Sep 2024	39.01	40.40	41.00	38.33	0.999 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 41 as stoploss in an intra day buy trade for a target of 42.95. However, stock will show a bearish move below 41.

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
Upside 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	41.19
Downside Intraday Target	40.61
Upside Intraday Target	42.93
Upside Intraday Target	44.09
Upside Intraday Target	42.35

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	41.77	43.51	43.51	41.77	0.045 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
03 Thu Oct 2024	41.77	42.63	42.63	41.77	0.01 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 neutral. A longer time frame might give a better analysis.

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 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 SELL. 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. 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 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 44.56 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.