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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)

10 day averaged volume of Essar Shipping is 326981

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Dec 2023	17.35	17.00	17.50	16.85	0.583 times
30 Thu Nov 2023	16.95	17.40	17.40	16.10	0.818 times
29 Wed Nov 2023	16.60	17.65	17.65	16.40	0.779 times
28 Tue Nov 2023	17.10	16.40	17.10	16.00	1.038 times
24 Fri Nov 2023	16.30	16.70	16.75	16.05	0.876 times
23 Thu Nov 2023	16.80	15.60	16.80	15.60	0.9 times
22 Wed Nov 2023	16.00	16.40	16.70	16.00	0.446 times
21 Tue Nov 2023	16.85	16.75	18.25	16.75	1.898 times
20 Mon Nov 2023	17.60	18.50	18.50	16.80	2.622 times
17 Fri Nov 2023	17.65	17.65	17.65	17.65	0.346 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 17.3, but if it comes below 17.3, then a intra day sell could be more profitable.
If you take a sell trade below 17.3, then use 17.3 as stoploss and 16.48 as target. However if you take a buy trade in stock , then use 17.3 as stoploss and 18.3 as target.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	10.70
Downside Target	13.25
Downside Target	13.75
Downside Target	14.25
Downside Target	14.60
Downside Target	15.05
Downside Target	15.45
Downside Target	16.00
Downside Target	16.85
Upside Target	17.50
Upside Target	17.65
Upside Target	18.50
Upside Target	19.40

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	16.35
Downside Intraday Target	15.35
Upside Intraday Target	18
Upside Intraday Target	18.65
Downside Intraday Target	17

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Dec 2023	17.35	16.40	17.65	16.00	0.477 times
24 Fri Nov 2023	16.30	18.50	18.50	15.60	5.086 times
17 Fri Nov 2023	17.65	16.45	17.65	16.45	0.322 times
10 Fri Nov 2023	16.15	15.05	16.15	15.05	3.559 times
03 Fri Nov 2023	14.80	15.45	15.45	14.25	5.617 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
01 Fri Dec 2023	17.35	17.00	17.50	16.85	0.037 times
30 Thu Nov 2023	16.95	14.85	18.50	14.25	1.792 times
31 Tue Oct 2023	15.15	14.95	19.40	13.75	1.464 times
29 Fri Sep 2023	14.25	14.00	14.60	13.25	0.317 times

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Essar Shipping stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Essar Shipping in short term and the buy 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 green color and prices are above the green 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 but buying 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 17.02 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 rising upwards.

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.