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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.

Showing technical analysis as on 2024-02-28 View latest technical analysis

10 day averaged volume of Essar Shipping is 368366

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	27.50	29.10	29.40	27.50	0.772 times
27 Tue Feb 2024	28.95	29.10	30.00	28.85	0.699 times
26 Mon Feb 2024	29.10	30.35	30.35	28.70	0.893 times
23 Fri Feb 2024	29.65	28.40	29.65	28.40	0.63 times
22 Thu Feb 2024	28.25	29.50	29.50	27.95	1.178 times
21 Wed Feb 2024	29.30	30.35	30.35	27.80	1.573 times
20 Tue Feb 2024	28.95	28.15	28.95	28.15	0.212 times
19 Mon Feb 2024	27.60	27.00	27.60	27.00	0.122 times
16 Fri Feb 2024	26.30	26.55	27.20	26.00	0.9 times
15 Thu Feb 2024	26.55	28.10	28.40	26.55	1.003 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 27.4 as stoploss in an intra day buy trade for a target of 29.16. However, stock will show a bearish move below 27.4.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	8.10
Downside Target	9.05
Downside Target	10.30
Downside Target	14.40
Downside Target	17.65
Downside Target	25.50
Downside Target	27.00
Upside Target	28.50
Upside Target	29.45
Upside Target	30.35
Upside Target	32.90
Upside Target	32.95
Upside Target	36.00
Upside Target	38.95

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	26.55
Downside Intraday Target	25.6
Upside Intraday Target	29.4
Upside Intraday Target	31.3
Upside Intraday Target	28.45

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	27.50	30.35	30.35	27.50	0.636 times
23 Fri Feb 2024	29.65	27.00	30.35	27.00	0.642 times
16 Fri Feb 2024	26.30	28.20	29.45	25.50	1.148 times
09 Fri Feb 2024	29.65	31.50	32.90	29.65	1 times
02 Fri Feb 2024	31.00	32.00	32.95	30.60	1.259 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
28 Wed Feb 2024	27.50	31.65	32.90	25.50	0.626 times
31 Wed Jan 2024	31.40	33.60	36.00	28.50	0.248 times
29 Fri Dec 2023	32.00	19.10	38.95	17.65	1.299 times
19 Mon Jun 2023	13.70	9.40	14.40	9.05	5.232 times

Scroll below to view daily charts

Price has moved down 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 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Essar Shipping in short term and the sell signal is strong.

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 tired and bears are picking up momentum.

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

Although the stock is in the BUY zone, but buying 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 28.23 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 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.