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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 728609

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	28.50	28.00	29.90	27.75	0.869 times
15 Mon Apr 2024	28.00	26.50	29.40	25.05	1.724 times
12 Fri Apr 2024	26.80	27.95	28.50	26.40	0.504 times
10 Wed Apr 2024	27.55	28.40	29.60	27.10	0.7 times
09 Tue Apr 2024	27.55	28.40	29.75	27.15	0.937 times
08 Mon Apr 2024	28.30	28.35	29.35	27.70	1.391 times
05 Fri Apr 2024	27.25	26.85	27.25	24.95	3.567 times
04 Thu Apr 2024	24.80	24.80	24.80	23.90	0.981 times
03 Wed Apr 2024	23.65	23.65	23.65	23.65	0.031 times
02 Tue Apr 2024	22.55	22.55	22.55	22.55	0.081 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 26.9, but if it comes below 26.9, then a intra day sell could be more profitable.
If you take a sell trade below 26.9, then use 26.9 as stoploss and 23.74 as target. However if you take a buy trade in stock , then use 26.9 as stoploss and 30.6 as target.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	17.65
Downside Target	19.75
Downside Target	20.60
Downside Target	21.80
Downside Target	22.85
Downside Target	25.05
Downside Target	26.40
Downside Target	27.25
Downside Target	28.45
Upside Target	29.75
Upside Target	29.90
Upside Target	32.90
Upside Target	36.00
Upside Target	38.95

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	25.73
Downside Intraday Target	22.97
Upside Intraday Target	30.58
Upside Intraday Target	32.67
Downside Intraday Target	27.82

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	28.50	26.50	29.90	25.05	0.734 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
22 Fri Mar 2024	20.75	21.65	22.85	20.60	0.8 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)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	28.50	20.90	29.90	20.90	0.829 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, 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)

Price action analysis of Essar Shipping ( (ESSARSHPNG) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Essar Shipping ( (ESSARSHPNG) ) 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) ) 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 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 27.36 and Essar Shipping (ESSARSHPNG) 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) 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.