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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 2024-11-25 View latest technical analysis

10 day averaged volume of Essar Shipping is 128761

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	41.11	41.11	41.11	41.11	0.233 times
22 Fri Nov 2024	41.95	40.70	41.95	40.70	1.468 times
21 Thu Nov 2024	39.96	39.96	39.96	38.75	2.408 times
19 Tue Nov 2024	38.06	38.06	38.06	38.06	1.261 times
18 Mon Nov 2024	36.25	36.25	36.25	36.25	0.455 times
14 Thu Nov 2024	34.53	34.47	34.53	33.50	0.716 times
13 Wed Nov 2024	32.89	33.11	34.60	32.89	0.866 times
12 Tue Nov 2024	34.63	35.10	36.46	34.62	1.023 times
11 Mon Nov 2024	36.45	37.90	37.90	36.20	0.756 times
08 Fri Nov 2024	37.95	40.38	40.38	37.70	0.502 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.5, but if it comes below 39.5, then a intra day sell could be more profitable.
If you take a sell trade below 39.5, then use 39.5 as stoploss and 36.95 as target. However if you take a buy trade in stock , then use 39.5 as stoploss and 42.5 as target.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	32.89
Downside Target	33.85
Downside Target	36.25
Downside Target	37.90
Downside Target	40.90
Upside Target	41.95
Upside Target	42.63
Upside Target	43.25
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	41.11
Downside Intraday Target	41.11
Downside Intraday Target	41.11
Downside Intraday Target	41.11
Downside Intraday Target	41.11

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	41.11	41.11	41.11	41.11	0.042 times
22 Fri Nov 2024	41.95	36.25	41.95	36.25	1.663 times
14 Thu Nov 2024	34.53	37.90	37.90	32.89	0.627 times
08 Fri Nov 2024	37.95	38.81	40.90	36.50	3.658 times
01 Fri Nov 2024	36.97	34.55	36.97	33.85	1.251 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
25 Mon Nov 2024	41.11	36.95	41.95	32.89	2.066 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, and volume has increased substantially. This means that the move can 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 BUY. Signal strength is Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

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

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 37.89 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.