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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 2024-11-01 View latest technical analysis

10 day averaged volume of Essar Shipping is 41140

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	36.97	36.95	36.97	36.95	0.67 times
31 Thu Oct 2024	35.21	35.21	35.21	35.21	0.289 times
30 Wed Oct 2024	34.52	33.85	34.52	33.85	1.355 times
29 Tue Oct 2024	33.85	34.00	34.00	33.85	0.59 times
28 Mon Oct 2024	34.55	34.55	34.66	34.55	1.681 times
25 Fri Oct 2024	34.78	34.78	34.78	34.78	0.399 times
24 Thu Oct 2024	35.49	36.01	36.01	35.49	0.778 times
23 Wed Oct 2024	36.22	36.22	36.22	36.22	1.4 times
22 Tue Oct 2024	36.96	36.96	36.96	36.96	0.4 times
21 Mon Oct 2024	37.72	38.01	38.01	37.72	0.689 times

My analysis of stock is bearish for shortterm, and stock might move down till 35.4 or till 32.9. Use a stoploss of 37.4 and if the stock hits stoploss, then it can shoot up till 39.44

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	33.85
Downside Target	34.78
Downside Target	36.95
Upside Target	38.01
Upside Target	39.10
Upside Target	40.20
Upside Target	42.63
Upside Target	43.25
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	34.89
Downside Intraday Target	32.81
Upside Intraday Target	38.01
Upside Intraday Target	39.05
Downside Intraday Target	35.93

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	36.97	34.55	36.97	33.85	1.251 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 up 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 Fri Nov 2024	36.97	36.95	36.97	36.95	0.03 times
31 Thu Oct 2024	35.21	42.63	42.63	33.85	0.209 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

Scroll below to view daily charts

Price has moved up 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Essar Shipping in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Essar Shipping in short term and BUY 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 35.48 and Essar Shipping (ESSARSHPNG_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.