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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 81729

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue Jan 2025	29.39	29.25	30.80	28.86	1.575 times
27 Mon Jan 2025	30.38	31.90	31.90	30.38	1.095 times
24 Fri Jan 2025	31.98	33.90	33.90	31.62	0.603 times
23 Thu Jan 2025	33.08	33.40	34.25	32.10	0.693 times
22 Wed Jan 2025	33.48	32.70	34.30	31.60	0.953 times
21 Tue Jan 2025	33.04	34.80	34.80	33.04	0.922 times
20 Mon Jan 2025	34.78	34.28	35.96	32.90	1.749 times
17 Fri Jan 2025	34.25	32.75	34.42	32.50	1.18 times
16 Thu Jan 2025	32.79	31.50	32.79	31.50	0.629 times
15 Wed Jan 2025	31.23	33.00	33.45	31.17	1.253 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 29.5, for a target of 31.7 or 33.49

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	28.86
Upside Target	30.55
Upside Target	31.60
Upside Target	32.55
Upside Target	33.85
Upside Target	35.96
Upside Target	36.85
Upside Target	38.33
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	28.2
Downside Intraday Target	27.01
Upside Intraday Target	31.24
Upside Intraday Target	33.09
Upside Intraday Target	30.05

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue Jan 2025	29.39	31.90	31.90	28.86	0.543 times
24 Fri Jan 2025	31.98	34.28	35.96	31.60	0.847 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

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 Tue Jan 2025	29.39	34.25	36.85	28.86	1.576 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, 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 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 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Essar Shipping is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 32.4 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.