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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 2024-07-02 View latest technical analysis

10 day averaged volume of Essar Shipping is 3025666

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	49.15	50.17	51.05	48.91	0.177 times
01 Mon Jul 2024	50.04	49.68	51.60	48.51	0.336 times
28 Fri Jun 2024	49.43	51.40	52.10	49.20	0.268 times
27 Thu Jun 2024	51.10	50.70	53.00	50.30	0.387 times
26 Wed Jun 2024	50.69	51.68	53.95	50.31	0.392 times
25 Tue Jun 2024	50.95	54.00	55.41	49.63	0.493 times
24 Mon Jun 2024	53.45	52.90	56.55	50.20	0.617 times
21 Fri Jun 2024	53.16	58.50	58.95	52.26	1.607 times
20 Thu Jun 2024	58.07	57.19	59.45	53.50	2.586 times
19 Wed Jun 2024	54.05	50.40	54.05	50.39	2.454 times

My analysis of stock is bullish for shortterm, and stock might move up till 54.4 or till 65.3. Use a stoploss of 45.29 and if this stock hits its stoploss, then it can fall down till 36.2

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	19.75
Downside Target	20.90
Downside Target	25.85
Downside Target	28.45
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	51.60
Upside Target	56.55
Upside Target	59.45

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	47.91
Downside Intraday Target	46.66
Upside Intraday Target	51
Upside Intraday Target	52.84
Upside Intraday Target	49.75

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	49.15	49.68	51.60	48.51	0.237 times
28 Fri Jun 2024	49.43	52.90	56.55	49.20	0.287 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

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
02 Tue Jul 2024	49.15	49.68	51.60	48.51	0.024 times
28 Fri Jun 2024	49.43	32.00	59.45	25.85	4.179 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

Scroll below to view daily charts

Price has moved down 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 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 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 SELL signal for Essar Shipping in short term but the sell signal is initial and weak.

Essar Shipping Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and SELL 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 54.17 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.