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 2024-06-25 View latest technical analysis

10 day averaged volume of Essar Shipping is 5402175

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	50.95	54.00	55.41	49.63	0.276 times
24 Mon Jun 2024	53.45	52.90	56.55	50.20	0.345 times
21 Fri Jun 2024	53.16	58.50	58.95	52.26	0.9 times
20 Thu Jun 2024	58.07	57.19	59.45	53.50	1.448 times
19 Wed Jun 2024	54.05	50.40	54.05	50.39	1.374 times
18 Tue Jun 2024	49.14	46.30	49.14	45.16	0.482 times
14 Fri Jun 2024	44.68	46.63	46.89	44.10	0.282 times
13 Thu Jun 2024	46.63	46.26	47.68	45.60	0.402 times
12 Wed Jun 2024	46.29	46.90	47.92	43.16	1.673 times
11 Tue Jun 2024	45.00	40.00	45.00	39.23	2.241 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 50.8, but if it comes below 50.8, then a intra day sell could be more profitable.
If you take a sell trade below 50.8, then use 50.8 as stoploss and 40.24 as target. However if you take a buy trade in stock , then use 50.8 as stoploss and 63.4 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	28.40
Downside Target	31.30
Downside Target	32.35
Downside Target	34.40
Downside Target	45.16
Downside Target	47.92
Downside Target	49.63
Upside Target	56.55
Upside Target	59.45

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	48.2
Downside Intraday Target	45.46
Upside Intraday Target	55.12
Upside Intraday Target	59.3
Upside Intraday Target	52.38

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	50.95	52.90	56.55	49.63	0.148 times
21 Fri Jun 2024	53.16	46.30	59.45	45.16	0.771 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

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
25 Tue Jun 2024	50.95	32.00	59.45	25.85	3.969 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 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 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 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 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

Although the stock is in the BUY zone, but buying 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 50.09 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.