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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 2024-06-04 View latest technical analysis

10 day averaged volume of Essar Shipping is 905082

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	27.10	29.90	29.90	26.15	1.187 times
03 Mon Jun 2024	29.05	32.00	32.35	27.20	1.174 times
31 Fri May 2024	30.20	30.70	31.40	29.20	0.465 times
30 Thu May 2024	29.90	30.80	31.65	29.70	0.509 times
29 Wed May 2024	30.80	29.15	32.35	28.40	1.732 times
28 Tue May 2024	29.45	31.20	31.20	29.00	0.452 times
27 Mon May 2024	30.60	32.70	33.00	30.05	0.991 times
24 Fri May 2024	31.20	30.95	33.20	30.75	3.264 times
23 Thu May 2024	30.50	28.50	30.50	28.10	0.839 times
22 Wed May 2024	27.75	28.35	28.35	27.60	0.227 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 27.6, but if it comes above 27.6, then a intra day buy could be more profitable.
If you take a sell trade below 27.6, then use 27.6 as stoploss and 26 as target. However if you take a buy trade in stock , then use 27.6 as stoploss and 28.84 as target.

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	28.40
Upside Target	29.35
Upside Target	32.10
Upside Target	32.35
Upside Target	32.90
Upside Target	33.00
Upside Target	33.20
Upside Target	34.40

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	24.72
Downside Intraday Target	22.33
Upside Intraday Target	30.92
Upside Intraday Target	34.73
Upside Intraday Target	28.53

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	27.10	32.00	32.35	26.15	0.569 times
31 Fri May 2024	30.20	32.70	33.00	28.40	0.887 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

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
04 Tue Jun 2024	27.10	32.00	32.35	26.15	0.141 times
31 Fri May 2024	30.20	29.45	33.20	26.05	0.925 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

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 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 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 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 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 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 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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 30.1 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.