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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 2024-06-20 View latest technical analysis

10 day averaged volume of Essar Shipping is 4195659

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	58.07	57.19	59.45	53.50	1.865 times
19 Wed Jun 2024	54.05	50.40	54.05	50.39	1.769 times
18 Tue Jun 2024	49.14	46.30	49.14	45.16	0.62 times
14 Fri Jun 2024	44.68	46.63	46.89	44.10	0.363 times
13 Thu Jun 2024	46.63	46.26	47.68	45.60	0.518 times
12 Wed Jun 2024	46.29	46.90	47.92	43.16	2.154 times
11 Tue Jun 2024	45.00	40.00	45.00	39.23	2.885 times
10 Mon Jun 2024	37.50	31.80	37.50	31.30	1.097 times
07 Fri Jun 2024	31.25	30.90	31.80	30.15	0.188 times
06 Thu Jun 2024	30.05	28.90	30.95	28.75	0.215 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 57.9, for a target of 46.5 or 36.98

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	31.30
Downside Target	32.35
Downside Target	33.20
Downside Target	34.40
Downside Target	45.16
Downside Target	47.92
Upside Target	59.45

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	49
Downside Intraday Target	39.94
Upside Intraday Target	63.29
Upside Intraday Target	68.52
Downside Intraday Target	54.23

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	58.07	46.30	59.45	45.16	0.606 times
14 Fri Jun 2024	44.68	31.80	47.92	31.30	6.365 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

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
20 Thu Jun 2024	58.07	32.00	59.45	25.85	3.427 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 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 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 47.78 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.