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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 2024-07-10 View latest technical analysis

10 day averaged volume of Essar Shipping is 1499983

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	51.20	52.58	53.19	49.48	0.417 times
09 Tue Jul 2024	52.36	53.89	54.29	51.86	0.378 times
08 Mon Jul 2024	53.00	55.24	56.30	52.40	0.728 times
05 Fri Jul 2024	54.84	54.94	57.77	53.41	2.133 times
04 Thu Jul 2024	54.82	50.00	54.82	50.00	3.207 times
03 Wed Jul 2024	49.84	49.45	50.95	48.96	0.407 times
02 Tue Jul 2024	49.15	50.17	51.05	48.91	0.356 times
01 Mon Jul 2024	50.04	49.68	51.60	48.51	0.677 times
28 Fri Jun 2024	49.43	51.40	52.10	49.20	0.541 times
27 Thu Jun 2024	51.10	50.70	53.00	50.30	0.781 times

My analysis of stock is bullish for shortterm, and stock might move up till 54.3 or till 58.1. Use a stoploss of 51.14 and if this stock hits its stoploss, then it can fall down till 48

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	33.20
Downside Target	34.40
Downside Target	45.16
Downside Target	47.92
Upside Target	56.30
Upside Target	56.55
Upside Target	57.77
Upside Target	59.45

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	48.35
Downside Intraday Target	45.51
Upside Intraday Target	55.17
Upside Intraday Target	59.15
Upside Intraday Target	52.33

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	51.20	55.24	56.30	49.48	0.225 times
05 Fri Jul 2024	54.84	49.68	57.77	48.51	1.558 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

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
10 Wed Jul 2024	51.20	49.68	57.77	48.51	0.197 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 up 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 in or below 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 negative zone. This is the SELL 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 53.07 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.