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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 2025-03-05 View latest technical analysis

10 day averaged volume of Essar Shipping is 90261

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Mar 2025	22.88	21.75	23.17	21.56	1.721 times
04 Tue Mar 2025	22.07	22.50	22.90	21.67	1.962 times
03 Mon Mar 2025	22.82	23.80	24.40	22.48	1.092 times
28 Fri Feb 2025	23.67	24.98	24.98	23.56	0.966 times
27 Thu Feb 2025	24.81	26.50	26.50	24.75	0.749 times
25 Tue Feb 2025	25.78	25.71	26.45	25.30	0.353 times
24 Mon Feb 2025	25.71	25.35	26.45	25.35	0.491 times
21 Fri Feb 2025	26.55	25.95	27.15	25.35	0.684 times
20 Thu Feb 2025	26.69	26.50	27.38	24.80	0.799 times
19 Wed Feb 2025	26.09	25.90	26.55	24.25	1.506 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24, but if it comes above 24, then a intra day buy could be more profitable.
If you take a sell trade below 24, then use 24 as stoploss and 20 as target. However if you take a buy trade in stock , then use 24 as stoploss and 27.21 as target.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	21.56
Upside Target	23.56
Upside Target	24.25
Upside Target	26.50
Upside Target	27.61
Upside Target	28.40
Upside Target	31.15
Upside Target	32.45
Upside Target	34.70
Upside Target	35.40
Upside Target	36.85
Upside Target	41.14
Upside Target	41.95

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	21.49
Downside Intraday Target	20.11
Upside Intraday Target	24.33
Upside Intraday Target	25.79
Upside Intraday Target	22.95

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Mar 2025	22.88	23.80	24.40	21.56	1.866 times
28 Fri Feb 2025	23.67	25.35	26.50	23.56	0.439 times
21 Fri Feb 2025	26.55	28.40	28.40	24.25	1.689 times
14 Fri Feb 2025	27.90	31.25	32.45	27.61	0.84 times
07 Fri Feb 2025	32.05	34.17	35.40	31.15	0.787 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Wed Mar 2025	22.88	23.80	24.40	21.56	0.3 times
28 Fri Feb 2025	23.67	34.17	35.40	23.56	0.651 times
31 Fri Jan 2025	32.93	34.25	36.85	28.75	1.78 times
31 Tue Dec 2024	35.40	37.14	41.14	34.70	0.623 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 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 moving up

CCI has generated a buy signal for Essar Shipping in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 24.17 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.