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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 129530

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Mar 2025	21.65	22.65	22.99	21.60	1.691 times
26 Wed Mar 2025	22.73	23.76	23.99	22.70	1.391 times
25 Tue Mar 2025	23.86	25.40	25.40	23.75	1.702 times
24 Mon Mar 2025	24.98	26.20	26.20	24.75	1.074 times
21 Fri Mar 2025	25.46	26.49	26.49	24.85	1.008 times
20 Thu Mar 2025	25.67	26.48	26.48	25.16	1.312 times
19 Wed Mar 2025	25.74	25.03	25.74	24.52	1.363 times
18 Tue Mar 2025	24.52	24.79	24.79	23.15	0.528 times
17 Mon Mar 2025	23.84	24.79	25.71	23.55	0.831 times
13 Thu Mar 2025	24.79	25.94	26.00	24.09	0.495 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 21.5, for a target of 23 or 24.26

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	21.56
Upside Target	23.15
Upside Target	24.09
Upside Target	25.22
Upside Target	26.20
Upside Target	28.75
Upside Target	32.89
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	20.1
Downside Intraday Target	18.55
Upside Intraday Target	24.7
Upside Intraday Target	27.75
Upside Intraday Target	23.15

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Mar 2025	21.65	26.20	26.20	21.60	1.162 times
21 Fri Mar 2025	25.46	24.79	26.49	23.15	1.561 times
13 Thu Mar 2025	24.79	25.22	26.48	24.09	0.69 times
07 Fri Mar 2025	25.22	23.80	25.22	21.56	2.625 times
28 Fri Feb 2025	23.67	25.35	26.50	23.56	0.439 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
28 Fri Mar 2025	21.65	23.80	26.49	21.56	1.694 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, and volume has increased substantially. This means that the move can 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 24.14 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.