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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 2024-10-30 View latest technical analysis

10 day averaged volume of Essar Shipping is 43675

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	34.52	33.85	34.52	33.85	1.276 times
29 Tue Oct 2024	33.85	34.00	34.00	33.85	0.556 times
28 Mon Oct 2024	34.55	34.55	34.66	34.55	1.583 times
25 Fri Oct 2024	34.78	34.78	34.78	34.78	0.375 times
24 Thu Oct 2024	35.49	36.01	36.01	35.49	0.733 times
23 Wed Oct 2024	36.22	36.22	36.22	36.22	1.319 times
22 Tue Oct 2024	36.96	36.96	36.96	36.96	0.377 times
21 Mon Oct 2024	37.72	38.01	38.01	37.72	0.649 times
18 Fri Oct 2024	38.49	37.75	38.49	37.01	2.28 times
17 Thu Oct 2024	37.75	38.53	38.53	37.75	1 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.6, but if it comes above 35.6, then a intra day buy could be more profitable.
If you take a sell trade below 35.6, then use 35.6 as stoploss and 32.9 as target. However if you take a buy trade in stock , then use 35.6 as stoploss and 37.92 as target.

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	34.03
Downside Intraday Target	33.53
Upside Intraday Target	34.84
Upside Intraday Target	35.15
Downside Intraday Target	34.34

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	34.52	34.55	34.66	33.85	0.989 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
30 Wed Oct 2024	34.52	42.63	42.63	33.85	0.206 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing 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 moving up

CCI has generated a buy signal for Essar Shipping in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 36.29 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.