Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-19 View latest technical analysis

10 day averaged volume of Essar Shipping is 571233

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	20.80	20.80	21.80	20.60	0.836 times
18 Mon Mar 2024	20.80	21.65	22.20	20.60	0.487 times
15 Fri Mar 2024	21.65	23.05	23.45	21.45	0.678 times
14 Thu Mar 2024	22.55	20.50	22.60	20.50	2.24 times
13 Wed Mar 2024	21.55	21.70	22.65	21.55	0.336 times
12 Tue Mar 2024	22.65	23.25	23.70	22.65	0.51 times
11 Mon Mar 2024	23.80	24.50	24.85	22.75	0.661 times
07 Thu Mar 2024	23.70	24.40	24.50	22.75	1.599 times
06 Wed Mar 2024	23.35	23.35	24.00	23.35	1.339 times
05 Tue Mar 2024	24.55	25.65	26.60	24.55	0.621 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.3, but if it comes above 22.3, then a intra day buy could be more profitable.
If you take a sell trade below 22.3, then use 22.3 as stoploss and 18.7 as target. However if you take a buy trade in stock , then use 22.3 as stoploss and 25.22 as target.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	9.05
Downside Target	14.40
Downside Target	17.65
Downside Target	20.50
Upside Target	22.20
Upside Target	22.75
Upside Target	24.85
Upside Target	25.50
Upside Target	27.00
Upside Target	28.45
Upside Target	30.35
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	20.2
Downside Intraday Target	19.6
Upside Intraday Target	21.8
Upside Intraday Target	22.8
Upside Intraday Target	21.2

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	20.80	21.65	22.20	20.60	0.299 times
15 Fri Mar 2024	21.65	24.50	24.85	20.50	0.87 times
07 Thu Mar 2024	23.70	27.50	28.45	22.75	1.743 times
02 Sat Mar 2024	27.10	30.35	30.35	26.00	1.219 times
23 Fri Feb 2024	29.65	27.00	30.35	27.00	0.642 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
19 Tue Mar 2024	20.80	27.30	28.45	20.50	0.903 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
29 Fri Dec 2023	32.00	19.10	38.95	17.65	1.299 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 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 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 Strong 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 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 22.74 and Essar Shipping (ESSARSHPNG) 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) 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.