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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 2024-12-13 View latest technical analysis

10 day averaged volume of Essar Shipping is 39031

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	41.10	41.14	41.14	41.10	4.222 times
12 Thu Dec 2024	40.34	40.34	40.34	40.34	2.017 times
11 Wed Dec 2024	39.55	39.55	39.55	39.55	0.562 times
10 Tue Dec 2024	38.78	38.78	38.78	38.78	0.75 times
09 Mon Dec 2024	38.02	38.02	38.02	38.02	0.611 times
06 Fri Dec 2024	37.28	36.60	37.28	36.60	0.742 times
05 Thu Dec 2024	36.55	36.55	36.55	36.55	1.329 times
04 Wed Dec 2024	36.55	37.00	37.00	36.55	1.22 times
03 Tue Dec 2024	37.00	37.14	37.14	37.00	0.863 times
02 Mon Dec 2024	37.14	37.14	37.50	37.14	1.34 times

Stock of Essar Shipping (ESSARSHPNG_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 40.4, but if it comes below 40.4, then a intra day sell could be more profitable.
If you take a sell trade below 40.4, then use 40.4 as stoploss and 38.53 as target. However if you take a buy trade in stock , then use 40.4 as stoploss and 42.7 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	37.50
Upside Target	41.11
Upside Target	41.14
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	39.03
Downside Intraday Target	36.97
Upside Intraday Target	42.15
Upside Intraday Target	43.21
Downside Intraday Target	40.09

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	41.10	38.02	41.14	38.02	1.486 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
13 Fri Dec 2024	41.10	37.14	41.14	36.55	0.267 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 neutral. A longer time frame might give a better analysis.

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 Strong and stock is gaining 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 38.95 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.