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 2024-06-27 View latest technical analysis

10 day averaged volume of Essar Shipping is 3999356

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	51.10	50.70	53.00	50.30	0.293 times
26 Wed Jun 2024	50.69	51.68	53.95	50.31	0.297 times
25 Tue Jun 2024	50.95	54.00	55.41	49.63	0.373 times
24 Mon Jun 2024	53.45	52.90	56.55	50.20	0.466 times
21 Fri Jun 2024	53.16	58.50	58.95	52.26	1.216 times
20 Thu Jun 2024	58.07	57.19	59.45	53.50	1.956 times
19 Wed Jun 2024	54.05	50.40	54.05	50.39	1.856 times
18 Tue Jun 2024	49.14	46.30	49.14	45.16	0.651 times
14 Fri Jun 2024	44.68	46.63	46.89	44.10	0.381 times
13 Thu Jun 2024	46.63	46.26	47.68	45.60	0.544 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 52.7 as stoploss in an intra day sell trade for a target of 42.32. However, stock will show a bullish move above 52.7.

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	48.3
Downside Intraday Target	45.51
Upside Intraday Target	55.22
Upside Intraday Target	59.35
Upside Intraday Target	52.43

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	51.10	52.90	56.55	49.63	0.252 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
27 Thu Jun 2024	51.10	32.00	59.45	25.85	4.125 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 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 term time period is neutral. A longer time frame might give a better analysis.

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 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 above the green cloud Prices appear to be moving up

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

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 53.14 and Essar Shipping (ESSARSHPNG) stock is trading below this level. This means that stock is falling with high volumes. 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.