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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 2025-01-02 View latest technical analysis

10 day averaged volume of Essar Shipping is 69457

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu Jan 2025	36.08	35.75	36.79	35.75	1.245 times
01 Wed Jan 2025	36.33	34.25	36.50	34.25	1.094 times
31 Tue Dec 2024	35.40	36.49	36.49	34.70	1.095 times
30 Mon Dec 2024	36.37	39.18	39.18	35.76	2.247 times
27 Fri Dec 2024	37.64	37.52	37.64	37.51	0.597 times
26 Thu Dec 2024	37.83	38.61	38.61	37.83	0.344 times
24 Tue Dec 2024	38.61	37.10	38.61	37.10	1.051 times
23 Mon Dec 2024	37.86	38.02	38.02	37.86	0.368 times
20 Fri Dec 2024	38.64	39.25	39.25	38.64	0.551 times
19 Thu Dec 2024	39.43	37.90	39.44	37.90	2.434 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 36.7, but if it comes above 36.7, then a intra day buy could be more profitable.
If you take a sell trade below 36.7, then use 36.7 as stoploss and 34.9 as target. However if you take a buy trade in stock , then use 36.7 as stoploss and 38.21 as target.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	32.89
Downside Target	33.85
Upside Target	36.55
Upside Target	38.61
Upside Target	39.18
Upside Target	40.27
Upside Target	41.14
Upside Target	41.95
Upside Target	42.63
Upside Target	49.74

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	33.83
Downside Intraday Target	31.57
Upside Intraday Target	38.76
Upside Intraday Target	41.43
Upside Intraday Target	36.5

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu Jan 2025	36.08	39.18	39.18	34.25	2.406 times
27 Fri Dec 2024	37.64	38.02	38.61	37.10	0.523 times
20 Fri Dec 2024	38.64	40.27	40.27	37.90	0.984 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu Jan 2025	36.08	34.25	36.79	34.25	0.131 times
31 Tue Dec 2024	35.40	37.14	41.14	34.70	0.623 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

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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Essar Shipping in short term and the sell signal is strong.

Essar Shipping Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Essar Shipping in short term but BUY signal is weak.

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

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