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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 2024-12-09 View latest technical analysis

10 day averaged volume of Essar Shipping is 33902

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	38.02	38.02	38.02	38.02	0.704 times
06 Fri Dec 2024	37.28	36.60	37.28	36.60	0.855 times
05 Thu Dec 2024	36.55	36.55	36.55	36.55	1.531 times
04 Wed Dec 2024	36.55	37.00	37.00	36.55	1.405 times
03 Tue Dec 2024	37.00	37.14	37.14	37.00	0.994 times
02 Mon Dec 2024	37.14	37.14	37.50	37.14	1.543 times
29 Fri Nov 2024	37.90	38.65	38.65	37.90	0.648 times
28 Thu Nov 2024	38.68	39.00	39.00	38.68	0.882 times
27 Wed Nov 2024	39.47	39.47	39.47	39.47	0.873 times
26 Tue Nov 2024	40.28	40.28	40.28	40.28	0.385 times

My analysis of stock is bullish for shortterm, and stock might move up till 39.8 or till 42.4. Use a stoploss of 37.63 and if this stock hits its stoploss, then it can fall down till 35.44

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	37.50
Upside Target	38.33
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	38.02
Downside Intraday Target	38.02
Downside Intraday Target	38.02
Downside Intraday Target	38.02
Downside Intraday Target	38.02

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	38.02	38.02	38.02	38.02	0.111 times
06 Fri Dec 2024	37.28	37.14	37.50	36.55	1.722 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

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
09 Mon Dec 2024	38.02	37.14	38.02	36.55	0.119 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 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 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 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 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 gaining momentum.

MACD generated a SELL signal for Essar Shipping in short term and the sell 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 LOWS in short term which reflects strong selling momentum. 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 but buying is losing 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 37.54 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 positive

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