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(ESSARSHPNG) Essar Shipping complete technical analysis [charts+indicators] | Buy/Sell Essar Shipping | (ESSARSHPNG) share price targets

Complete technical analysis of Essar Shipping (ESSARSHPNG) by charts plus indicators, forecast predictions and share price targets for Essar Shipping (ESSARSHPNG)

Essar Shipping trades in NSE in Shipping sector.

10 day averaged volume of Essar Shipping is 1024994

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	30.30	31.15	31.30	30.10	0.316 times
25 Thu Apr 2024	30.70	29.55	31.30	29.20	0.826 times
24 Wed Apr 2024	29.30	31.00	31.00	28.65	0.485 times
23 Tue Apr 2024	30.25	31.50	31.80	30.00	0.503 times
22 Mon Apr 2024	31.05	33.00	34.40	30.75	1.109 times
19 Fri Apr 2024	31.45	31.15	33.00	29.25	1.895 times
18 Thu Apr 2024	31.35	28.50	31.35	28.35	2.484 times
16 Tue Apr 2024	28.50	28.00	29.90	27.75	0.617 times
15 Mon Apr 2024	28.00	26.50	29.40	25.05	1.225 times
12 Fri Apr 2024	26.80	27.95	28.50	26.40	0.359 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 30.6 as stoploss in an intra day sell trade for a target of 27.11. However, stock will show a bullish move above 30.6.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	17.65
Downside Target	19.75
Downside Target	20.90
Downside Target	21.80
Downside Target	25.05
Downside Target	26.40
Downside Target	27.25
Downside Target	28.45
Downside Target	29.75
Upside Target	32.90
Upside Target	33.00
Upside Target	34.40
Upside Target	36.00
Upside Target	38.95

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	27.83
Downside Intraday Target	25.37
Upside Intraday Target	33.58
Upside Intraday Target	36.87
Upside Intraday Target	31.12

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	30.30	33.00	34.40	28.65	0.521 times
19 Fri Apr 2024	31.45	26.50	33.00	25.05	2.478 times
12 Fri Apr 2024	26.80	28.35	29.75	26.40	0.745 times
05 Fri Apr 2024	27.25	20.90	27.25	20.90	1.987 times
28 Thu Mar 2024	20.50	21.20	21.80	19.75	0.86 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)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	30.30	20.90	34.40	20.90	1.646 times
28 Thu Mar 2024	20.50	27.30	28.45	19.75	1.317 times
29 Thu Feb 2024	26.90	31.65	32.90	25.50	0.667 times
31 Wed Jan 2024	31.40	33.60	36.00	28.50	0.248 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Essar Shipping (ESSARSHPNG)

Price action analysis of Essar Shipping ( (ESSARSHPNG) ) 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) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Essar Shipping ( (ESSARSHPNG) ) based on a short to mid 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) ) 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 BUY. Signal strength is Strong 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 and the buying is gaining 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 30.33 and Essar Shipping (ESSARSHPNG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Essar Shipping (ESSARSHPNG) stock. Volume based technical analysis of Essar Shipping (ESSARSHPNG) stock is negative.

Essar Shipping Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.