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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 2025-01-17 View latest technical analysis

10 day averaged volume of Essar Shipping is 107928

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Jan 2025	34.25	32.75	34.42	32.50	0.894 times
16 Thu Jan 2025	32.79	31.50	32.79	31.50	0.477 times
15 Wed Jan 2025	31.23	33.00	33.45	31.17	0.949 times
14 Tue Jan 2025	32.82	32.02	33.40	30.55	0.698 times
13 Mon Jan 2025	32.02	33.20	33.20	32.02	1.38 times
10 Fri Jan 2025	33.71	35.75	36.44	33.29	0.779 times
09 Thu Jan 2025	35.05	36.00	36.30	34.36	0.741 times
08 Wed Jan 2025	35.00	36.85	36.85	34.26	0.739 times
07 Tue Jan 2025	35.34	33.59	35.34	32.55	0.826 times
06 Mon Jan 2025	33.66	35.37	35.79	33.60	1.824 times

My analysis of stock is bearish for shortterm, and stock might move down till 33.2 or till 30.6. Use a stoploss of 35.3 and if the stock hits stoploss, then it can shoot up till 37.42

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	30.55
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	31.73
Downside Intraday Target	29.2
Upside Intraday Target	35.6
Upside Intraday Target	36.94
Downside Intraday Target	33.07

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Jan 2025	34.25	33.20	34.42	30.55	0.896 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 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
17 Fri Jan 2025	34.25	34.25	36.85	30.55	1.077 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 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 in or above the red 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 33.49 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 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.