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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 2024-05-30 View latest technical analysis

10 day averaged volume of Essar Shipping is 775192

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	29.90	30.80	31.65	29.70	0.594 times
29 Wed May 2024	30.80	29.15	32.35	28.40	2.022 times
28 Tue May 2024	29.45	31.20	31.20	29.00	0.528 times
27 Mon May 2024	30.60	32.70	33.00	30.05	1.157 times
24 Fri May 2024	31.20	30.95	33.20	30.75	3.811 times
23 Thu May 2024	30.50	28.50	30.50	28.10	0.98 times
22 Wed May 2024	27.75	28.35	28.35	27.60	0.265 times
21 Tue May 2024	28.20	29.10	29.15	27.50	0.405 times
18 Sat May 2024	28.50	28.85	29.20	28.05	0.105 times
17 Fri May 2024	28.40	28.55	29.35	28.05	0.49 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 30.1 as stoploss in an intra day sell trade for a target of 28.86. However, stock will show a bullish move above 30.1.

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
Downside Target	28.40
Downside Target	29.35
Upside Target	30.60
Upside Target	32.10
Upside Target	32.90
Upside Target	33.00
Upside Target	33.20
Upside Target	34.40
Upside Target	36.00

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	27.87
Downside Intraday Target	25.83
Upside Intraday Target	32.47
Upside Intraday Target	35.03
Upside Intraday Target	30.43

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	29.90	32.70	33.00	28.40	0.788 times
24 Fri May 2024	31.20	29.10	33.20	27.50	2.199 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

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
30 Thu May 2024	29.90	29.45	33.20	26.05	0.899 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 and the buy 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. Bears are getting stronger in this stock.

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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 30.46 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 is giving positive 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.