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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 2024-04-01 View latest technical analysis

10 day averaged volume of Essar Shipping is 542717

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	21.50	20.90	21.50	20.90	0.112 times
28 Thu Mar 2024	20.50	20.70	21.80	20.10	1.305 times
27 Wed Mar 2024	20.80	19.95	20.80	19.95	0.501 times
26 Tue Mar 2024	19.85	21.20	21.25	19.75	1.398 times
22 Fri Mar 2024	20.75	21.45	21.70	20.70	1.046 times
21 Thu Mar 2024	21.45	22.85	22.85	21.10	1.07 times
20 Wed Mar 2024	21.80	21.50	21.80	21.30	0.215 times
19 Tue Mar 2024	20.80	20.80	21.80	20.60	0.88 times
18 Mon Mar 2024	20.80	21.65	22.20	20.60	0.513 times
15 Fri Mar 2024	21.65	23.05	23.45	21.45	0.714 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 20.5 as stoploss in an intra day buy trade for a target of 22.57. However, stock will show a bearish move below 20.5.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	17.65
Downside Target	19.75
Downside Target	20.50
Downside Target	21.50
Upside Target	22.75
Upside Target	24.85
Upside Target	25.50
Upside Target	28.45
Upside Target	28.50
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	21.1
Downside Intraday Target	20.7
Upside Intraday Target	21.7
Upside Intraday Target	21.9
Downside Intraday Target	21.3

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	21.50	20.90	21.50	20.90	0.035 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
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

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
01 Mon Apr 2024	21.50	20.90	21.50	20.90	0.006 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Essar Shipping in short term but the buy signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 and the buying is gaining 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 20.78 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 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.