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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 2024-05-22 View latest technical analysis

10 day averaged volume of Essar Shipping is 369990

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	27.75	28.35	28.35	27.60	0.555 times
21 Tue May 2024	28.20	29.10	29.15	27.50	0.848 times
18 Sat May 2024	28.50	28.85	29.20	28.05	0.219 times
17 Fri May 2024	28.40	28.55	29.35	28.05	1.026 times
16 Thu May 2024	28.15	28.20	28.70	27.90	0.499 times
15 Wed May 2024	28.05	28.05	28.60	27.80	0.605 times
14 Tue May 2024	27.90	27.10	29.20	27.10	1.599 times
13 Mon May 2024	26.90	28.50	28.50	26.05	1.254 times
10 Fri May 2024	27.70	27.70	28.45	27.10	0.844 times
09 Thu May 2024	27.45	29.15	29.65	27.10	1.169 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 27.6 as stoploss in an intra day buy trade for a target of 28.6. However, stock will show a bearish move below 27.6.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	19.75
Downside Target	20.90
Downside Target	25.50
Downside Target	26.05
Downside Target	27.05
Upside Target	28.45
Upside Target	30.60
Upside Target	32.10
Upside Target	32.90
Upside Target	34.40
Upside Target	36.00

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	27.12
Downside Intraday Target	26.48
Upside Intraday Target	28.77
Upside Intraday Target	29.78
Upside Intraday Target	28.13

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	27.75	29.10	29.15	27.50	0.27 times
18 Sat May 2024	28.50	28.50	29.35	26.05	0.454 times
10 Fri May 2024	27.70	28.00	32.10	27.05	2.553 times
03 Fri May 2024	27.75	30.00	30.60	27.20	0.5 times
26 Fri Apr 2024	30.30	33.00	34.40	28.65	0.521 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
22 Wed May 2024	27.75	29.45	32.10	26.05	0.469 times
30 Tue Apr 2024	28.75	20.90	34.40	20.90	1.715 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

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 gaining momentum.

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

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 green color and prices are in or below the green 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 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 27.79 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 positive

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