Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-13 View latest technical analysis

10 day averaged volume of Essar Shipping is 3125296

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	46.63	46.26	47.68	45.60	0.696 times
12 Wed Jun 2024	46.29	46.90	47.92	43.16	2.892 times
11 Tue Jun 2024	45.00	40.00	45.00	39.23	3.874 times
10 Mon Jun 2024	37.50	31.80	37.50	31.30	1.472 times
07 Fri Jun 2024	31.25	30.90	31.80	30.15	0.252 times
06 Thu Jun 2024	30.05	28.90	30.95	28.75	0.288 times
05 Wed Jun 2024	28.15	27.80	28.60	25.85	0.257 times
04 Tue Jun 2024	27.10	29.90	29.90	26.15	0.344 times
03 Mon Jun 2024	29.05	32.00	32.35	27.20	0.34 times
31 Fri May 2024	30.20	30.70	31.40	29.20	0.135 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 45.8, for a target of 38.4 or 32.33

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
Upside Target	47.92

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	35.98
Downside Intraday Target	25.33
Upside Intraday Target	52.6
Upside Intraday Target	58.57
Downside Intraday Target	41.95

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	46.63	31.80	47.92	31.30	6.036 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	46.63	32.00	47.92	25.85	2.148 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, and volume has increased substantially. This means that the move can 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 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.

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 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Essar Shipping is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 41.98 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.