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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 2024-11-27 View latest technical analysis

10 day averaged volume of Essar Shipping is 119591

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	39.47	39.47	39.47	39.47	0.248 times
26 Tue Nov 2024	40.28	40.28	40.28	40.28	0.109 times
25 Mon Nov 2024	41.11	41.11	41.11	41.11	0.251 times
22 Fri Nov 2024	41.95	40.70	41.95	40.70	1.581 times
21 Thu Nov 2024	39.96	39.96	39.96	38.75	2.593 times
19 Tue Nov 2024	38.06	38.06	38.06	38.06	1.358 times
18 Mon Nov 2024	36.25	36.25	36.25	36.25	0.489 times
14 Thu Nov 2024	34.53	34.47	34.53	33.50	0.771 times
13 Wed Nov 2024	32.89	33.11	34.60	32.89	0.933 times
12 Tue Nov 2024	34.63	35.10	36.46	34.62	1.102 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 40 as stoploss in an intra day sell trade for a target of 37.47. However, stock will show a bullish move above 40.

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	39.47
Upside 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	38.92
Downside Intraday Target	38.38
Upside Intraday Target	40.56
Upside Intraday Target	41.66
Upside Intraday Target	40.02

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	39.47	41.11	41.11	39.47	0.101 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
27 Wed Nov 2024	39.47	36.95	41.95	32.89	2.112 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 Weak and stock is losing momentum.

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

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 tired and bears are picking up momentum.

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

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 38.08 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 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 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.