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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 2024-10-29 View latest technical analysis

10 day averaged volume of Essar Shipping is 45037

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	33.85	34.00	34.00	33.85	0.539 times
28 Mon Oct 2024	34.55	34.55	34.66	34.55	1.535 times
25 Fri Oct 2024	34.78	34.78	34.78	34.78	0.364 times
24 Thu Oct 2024	35.49	36.01	36.01	35.49	0.71 times
23 Wed Oct 2024	36.22	36.22	36.22	36.22	1.279 times
22 Tue Oct 2024	36.96	36.96	36.96	36.96	0.366 times
21 Mon Oct 2024	37.72	38.01	38.01	37.72	0.629 times
18 Fri Oct 2024	38.49	37.75	38.49	37.01	2.211 times
17 Thu Oct 2024	37.75	38.53	38.53	37.75	0.97 times
16 Wed Oct 2024	38.53	38.61	38.61	38.53	1.095 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 33.1, for a target of 36 or 38.33

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	16.85
Downside Target	17.50
Downside Target	33.85
Upside Target	34.66
Upside Target	37.01
Upside Target	38.01
Upside Target	39.10
Upside Target	40.20
Upside Target	42.63
Upside Target	43.51
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	33.58
Downside Intraday Target	33.31
Upside Intraday Target	34.39
Upside Intraday Target	34.93
Upside Intraday Target	34.12

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	33.85	34.55	34.66	33.85	0.619 times
25 Fri Oct 2024	34.78	38.01	38.01	34.78	0.57 times
18 Fri Oct 2024	38.49	40.20	40.20	37.01	1.015 times
11 Fri Oct 2024	40.20	40.11	40.20	39.10	2.293 times
04 Fri Oct 2024	40.93	43.51	43.51	40.93	0.069 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
29 Tue Oct 2024	33.85	42.63	42.63	33.85	0.194 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 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 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 weakening, and bulls are picking up momentum!

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

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 36.77 and Essar Shipping (ESSARSHPNG_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.