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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 2025-01-08 View latest technical analysis

10 day averaged volume of Essar Shipping is 99028

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	35.00	36.85	36.85	34.26	0.805 times
07 Tue Jan 2025	35.34	33.59	35.34	32.55	0.9 times
06 Mon Jan 2025	33.66	35.37	35.79	33.60	1.988 times
03 Fri Jan 2025	35.37	36.00	36.44	35.00	1.731 times
02 Thu Jan 2025	36.08	35.75	36.79	35.75	0.873 times
01 Wed Jan 2025	36.33	34.25	36.50	34.25	0.767 times
31 Tue Dec 2024	35.40	36.49	36.49	34.70	0.768 times
30 Mon Dec 2024	36.37	39.18	39.18	35.76	1.576 times
27 Fri Dec 2024	37.64	37.52	37.64	37.51	0.419 times
26 Thu Dec 2024	37.83	38.61	38.61	37.83	0.242 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.6, but if it comes above 35.6, then a intra day buy could be more profitable.
If you take a sell trade below 35.6, then use 35.6 as stoploss and 33.2 as target. However if you take a buy trade in stock , then use 35.6 as stoploss and 37.65 as target.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	32.55
Downside Target	33.85
Upside Target	36.85
Upside Target	37.90
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	32.75
Downside Intraday Target	30.5
Upside Intraday Target	37.05
Upside Intraday Target	39.1
Downside Intraday Target	34.8

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	35.00	35.37	36.85	32.55	0.646 times
03 Fri Jan 2025	35.37	39.18	39.18	34.25	3.452 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

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
08 Wed Jan 2025	35.00	34.25	36.85	32.55	0.563 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 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 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 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 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 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 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 35.45 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.