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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 2025-01-16 View latest technical analysis

10 day averaged volume of Essar Shipping is 111431

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	32.79	31.50	32.79	31.50	0.462 times
15 Wed Jan 2025	31.23	33.00	33.45	31.17	0.919 times
14 Tue Jan 2025	32.82	32.02	33.40	30.55	0.676 times
13 Mon Jan 2025	32.02	33.20	33.20	32.02	1.337 times
10 Fri Jan 2025	33.71	35.75	36.44	33.29	0.754 times
09 Thu Jan 2025	35.05	36.00	36.30	34.36	0.718 times
08 Wed Jan 2025	35.00	36.85	36.85	34.26	0.715 times
07 Tue Jan 2025	35.34	33.59	35.34	32.55	0.8 times
06 Mon Jan 2025	33.66	35.37	35.79	33.60	1.766 times
03 Fri Jan 2025	35.37	36.00	36.44	35.00	1.538 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33.3, but if it comes above 33.3, then a intra day buy could be more profitable.
If you take a sell trade below 33.3, then use 33.3 as stoploss and 30.5 as target. However if you take a buy trade in stock , then use 33.3 as stoploss and 35.56 as target.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	30.55
Downside Target	32.55
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	31.08
Downside Intraday Target	29.36
Upside Intraday Target	33.98
Upside Intraday Target	35.16
Downside Intraday Target	32.26

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	32.79	33.20	33.45	30.55	0.714 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
16 Thu Jan 2025	32.79	34.25	36.85	30.55	0.999 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 33.72 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.