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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 2024-06-10 View latest technical analysis

10 day averaged volume of Essar Shipping is 838078

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	37.50	31.80	37.50	31.30	5.49 times
07 Fri Jun 2024	31.25	30.90	31.80	30.15	0.939 times
06 Thu Jun 2024	30.05	28.90	30.95	28.75	1.074 times
05 Wed Jun 2024	28.15	27.80	28.60	25.85	0.957 times
04 Tue Jun 2024	27.10	29.90	29.90	26.15	1.282 times
03 Mon Jun 2024	29.05	32.00	32.35	27.20	1.268 times
31 Fri May 2024	30.20	30.70	31.40	29.20	0.503 times
30 Thu May 2024	29.90	30.80	31.65	29.70	0.549 times
29 Wed May 2024	30.80	29.15	32.35	28.40	1.87 times
28 Tue May 2024	29.45	31.20	31.20	29.00	0.489 times

Stock of Essar Shipping (ESSARSHPNG) has showed a significant upmove. This could be a good time to enter in this stock!

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 34.5, for a target of 31.8 or 29.64

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	19.75
Downside Target	20.90
Downside Target	25.50
Downside Target	27.50
Downside Target	28.40
Downside Target	29.35
Downside Target	31.30
Downside Target	32.35
Downside Target	33.00
Downside Target	33.20
Downside Target	34.40
Downside Target	37.50

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	33.37
Downside Intraday Target	29.23
Upside Intraday Target	39.57
Upside Intraday Target	41.63
Downside Intraday Target	35.43

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	37.50	31.80	37.50	31.30	0.995 times
07 Fri Jun 2024	31.25	32.00	32.35	25.85	1.232 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

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
10 Mon Jun 2024	37.50	32.00	37.50	25.85	0.609 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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 gaining momentum.

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

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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 32.56 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 positive

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