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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 2024-04-09 View latest technical analysis

10 day averaged volume of Essar Shipping is 677651

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	27.55	28.40	29.75	27.15	1.008 times
08 Mon Apr 2024	28.30	28.35	29.35	27.70	1.496 times
05 Fri Apr 2024	27.25	26.85	27.25	24.95	3.835 times
04 Thu Apr 2024	24.80	24.80	24.80	23.90	1.054 times
03 Wed Apr 2024	23.65	23.65	23.65	23.65	0.034 times
02 Tue Apr 2024	22.55	22.55	22.55	22.55	0.087 times
01 Mon Apr 2024	21.50	20.90	21.50	20.90	0.09 times
28 Thu Mar 2024	20.50	20.70	21.80	20.10	1.045 times
27 Wed Mar 2024	20.80	19.95	20.80	19.95	0.401 times
26 Tue Mar 2024	19.85	21.20	21.25	19.75	1.12 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 28, for a target of 25.1 or 22.73

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	17.65
Downside Target	19.75
Downside Target	20.50
Downside Target	21.80
Downside Target	22.85
Downside Target	24.85
Downside Target	25.50
Downside Target	27.15
Upside Target	28.45
Upside Target	29.75
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	26.55
Downside Intraday Target	25.55
Upside Intraday Target	29.15
Upside Intraday Target	30.75
Upside Intraday Target	28.15

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	27.55	28.35	29.75	27.15	0.491 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
15 Fri Mar 2024	21.65	24.50	24.85	20.50	0.87 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
09 Tue Apr 2024	27.55	20.90	29.75	20.90	0.539 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Essar Shipping in short term but SELL signal is weak.

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 25.31 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 negative.

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