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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 2025-01-13 View latest technical analysis

10 day averaged volume of Essar Shipping is 109562

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	32.02	33.20	33.20	32.02	1.36 times
10 Fri Jan 2025	33.71	35.75	36.44	33.29	0.767 times
09 Thu Jan 2025	35.05	36.00	36.30	34.36	0.73 times
08 Wed Jan 2025	35.00	36.85	36.85	34.26	0.727 times
07 Tue Jan 2025	35.34	33.59	35.34	32.55	0.814 times
06 Mon Jan 2025	33.66	35.37	35.79	33.60	1.797 times
03 Fri Jan 2025	35.37	36.00	36.44	35.00	1.564 times
02 Thu Jan 2025	36.08	35.75	36.79	35.75	0.789 times
01 Wed Jan 2025	36.33	34.25	36.50	34.25	0.693 times
31 Tue Dec 2024	35.40	36.49	36.49	34.70	0.694 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 31.9, for a target of 34.5 or 36.64

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	32.02
Upside Target	36.85
Upside Target	37.90
Upside Target	38.33
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	31.63
Downside Intraday Target	31.23
Upside Intraday Target	32.81
Upside Intraday Target	33.59
Upside Intraday Target	32.41

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	32.02	33.20	33.20	32.02	0.281 times
10 Fri Jan 2025	33.71	35.37	36.85	32.55	0.936 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

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
13 Mon Jan 2025	32.02	34.25	36.85	32.02	0.815 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 but buying is losing 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 34.55 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.