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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 2024-12-04 View latest technical analysis

10 day averaged volume of Essar Shipping is 87200

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	36.55	37.00	37.00	36.55	0.546 times
03 Tue Dec 2024	37.00	37.14	37.14	37.00	0.386 times
02 Mon Dec 2024	37.14	37.14	37.50	37.14	0.6 times
29 Fri Nov 2024	37.90	38.65	38.65	37.90	0.252 times
28 Thu Nov 2024	38.68	39.00	39.00	38.68	0.343 times
27 Wed Nov 2024	39.47	39.47	39.47	39.47	0.34 times
26 Tue Nov 2024	40.28	40.28	40.28	40.28	0.15 times
25 Mon Nov 2024	41.11	41.11	41.11	41.11	0.344 times
22 Fri Nov 2024	41.95	40.70	41.95	40.70	2.168 times
21 Thu Nov 2024	39.96	39.96	39.96	38.75	3.556 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 35.6 as stoploss in an intra day buy trade for a target of 37.86. However, stock will show a bearish move below 35.6.

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	37.50
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	36.23
Downside Intraday Target	35.92
Upside Intraday Target	37.18
Upside Intraday Target	37.82
Upside Intraday Target	36.87

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	36.55	37.14	37.50	36.55	1.073 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
04 Wed Dec 2024	36.55	37.14	37.50	36.55	0.067 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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 39.84 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 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.