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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 2024-10-07 View latest technical analysis

10 day averaged volume of Essar Shipping is 187935

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	40.11	40.11	40.11	40.11	0.091 times
04 Fri Oct 2024	40.93	40.93	40.93	40.93	0.208 times
03 Thu Oct 2024	41.77	41.77	41.77	41.77	0.084 times
01 Tue Oct 2024	42.63	42.63	42.63	42.63	0.148 times
30 Mon Sep 2024	43.51	43.51	43.51	43.51	0.165 times
27 Fri Sep 2024	44.40	44.40	44.40	44.40	0.169 times
26 Thu Sep 2024	45.31	49.74	49.74	45.01	2.142 times
25 Wed Sep 2024	47.38	45.15	47.40	45.15	2.865 times
24 Tue Sep 2024	45.15	44.35	45.15	43.00	2.576 times
23 Mon Sep 2024	43.00	42.00	43.00	41.10	1.004 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.6, but if it comes above 40.6, then a intra day buy could be more profitable.
If you take a sell trade below 40.6, then use 40.6 as stoploss and 38.2 as target. However if you take a buy trade in stock , then use 40.6 as stoploss and 42.56 as target.

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
Upside Target	40.93
Upside Target	42.63
Upside Target	43.51
Upside Target	45.20
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	40.11
Downside Intraday Target	40.11
Downside Intraday Target	40.11
Downside Intraday Target	40.11
Downside Intraday Target	40.11

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	40.11	40.11	40.11	40.11	0.151 times
04 Fri Oct 2024	40.93	43.51	43.51	40.93	0.069 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

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
07 Mon Oct 2024	40.11	42.63	42.63	40.11	0.023 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 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 gaining momentum.

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

Essar Shipping Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 45.38 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 has given negative 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.