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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 2024-12-03 View latest technical analysis

10 day averaged volume of Essar Shipping is 89683

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	37.00	37.14	37.14	37.00	0.376 times
02 Mon Dec 2024	37.14	37.14	37.50	37.14	0.583 times
29 Fri Nov 2024	37.90	38.65	38.65	37.90	0.245 times
28 Thu Nov 2024	38.68	39.00	39.00	38.68	0.334 times
27 Wed Nov 2024	39.47	39.47	39.47	39.47	0.33 times
26 Tue Nov 2024	40.28	40.28	40.28	40.28	0.146 times
25 Mon Nov 2024	41.11	41.11	41.11	41.11	0.334 times
22 Fri Nov 2024	41.95	40.70	41.95	40.70	2.108 times
21 Thu Nov 2024	39.96	39.96	39.96	38.75	3.457 times
19 Tue Nov 2024	38.06	38.06	38.06	38.06	1.811 times

My analysis of stock is bearish for shortterm, and stock might move down till 35.8 or till 33.1. Use a stoploss of 37.98 and if the stock hits stoploss, then it can shoot up till 40.19

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	32.89
Downside Target	33.85
Downside Target	36.25
Upside Target	40.90
Upside Target	41.11
Upside Target	41.95
Upside Target	42.63
Upside Target	43.25
Upside Target	49.74
Upside Target	56.50

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	36.83
Downside Intraday Target	36.67
Upside Intraday Target	37.33
Upside Intraday Target	37.67
Upside Intraday Target	37.17

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	37.00	37.14	37.50	37.00	0.691 times
29 Fri Nov 2024	37.90	41.11	41.11	37.90	0.173 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

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
03 Tue Dec 2024	37.00	37.14	37.50	37.00	0.043 times
29 Fri Nov 2024	37.90	36.95	41.95	32.89	2.169 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

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 Weak 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 getting stronger in this stock.

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

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

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