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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 2025-01-21 View latest technical analysis

10 day averaged volume of Essar Shipping is 95045

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	33.04	34.80	34.80	33.04	0.793 times
20 Mon Jan 2025	34.78	34.28	35.96	32.90	1.504 times
17 Fri Jan 2025	34.25	32.75	34.42	32.50	1.015 times
16 Thu Jan 2025	32.79	31.50	32.79	31.50	0.541 times
15 Wed Jan 2025	31.23	33.00	33.45	31.17	1.077 times
14 Tue Jan 2025	32.82	32.02	33.40	30.55	0.793 times
13 Mon Jan 2025	32.02	33.20	33.20	32.02	1.567 times
10 Fri Jan 2025	33.71	35.75	36.44	33.29	0.884 times
09 Thu Jan 2025	35.05	36.00	36.30	34.36	0.841 times
08 Wed Jan 2025	35.00	36.85	36.85	34.26	0.839 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 33 as stoploss in an intra day buy trade for a target of 34.87. However, stock will show a bearish move below 33.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	30.55
Downside Target	32.55
Upside Target	33.85
Upside Target	35.96
Upside Target	36.85
Upside Target	38.33
Upside Target	38.61
Upside Target	39.18
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	31.97
Downside Intraday Target	30.91
Upside Intraday Target	35.03
Upside Intraday Target	37.03
Upside Intraday Target	33.97

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	33.04	34.28	35.96	32.90	0.46 times
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

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
21 Tue Jan 2025	33.04	34.25	36.85	30.55	1.252 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Essar Shipping ( (ESSARSHPNG_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Essar Shipping in short term but the buy signal is initial and weak.

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. Bulls 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 but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 33.44 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.