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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 2025-04-23 View latest technical analysis

10 day averaged volume of Essar Shipping is 312840

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Apr 2025	33.39	36.90	36.90	33.39	3.375 times
22 Tue Apr 2025	35.15	35.15	35.15	35.15	0.439 times
21 Mon Apr 2025	33.48	31.50	33.48	31.21	2.527 times
17 Thu Apr 2025	30.44	27.70	30.44	27.01	1.94 times
16 Wed Apr 2025	27.68	25.18	27.68	24.81	1.114 times
15 Tue Apr 2025	25.17	25.90	25.90	24.73	0.731 times
11 Fri Apr 2025	24.33	24.66	25.79	24.07	0.32 times
09 Wed Apr 2025	24.14	24.22	24.50	23.00	0.245 times
08 Tue Apr 2025	24.26	24.48	24.94	24.05	0.596 times
07 Mon Apr 2025	23.52	22.40	25.00	22.40	0.788 times

Stock of Essar Shipping (ESSARSHPNG) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 21.4 or till 3.9. Use a stoploss of 36.05 and if the stock hits stoploss, then it can shoot up till 50.67

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	20.90
Downside Target	21.50
Downside Target	22.40
Downside Target	24.73
Downside Target	25.79
Downside Target	30.44
Downside Target	31.21
Downside Target	33.20
Upside Target	34.40
Upside Target	36.90
Upside Target	48.51
Upside Target	49.48
Upside Target	59.45
Upside Target	61.95
Upside Target	68.14

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	30.77
Downside Intraday Target	28.14
Upside Intraday Target	36.46
Upside Intraday Target	39.52
Upside Intraday Target	33.83

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Apr 2025	33.39	31.50	36.90	31.21	1.675 times
17 Thu Apr 2025	30.44	25.90	30.44	24.73	1.943 times
11 Fri Apr 2025	24.33	22.40	25.79	22.40	0.157 times
04 Fri Apr 2025	24.89	64.00	68.14	21.50	0.354 times
12 Fri Jul 2024	61.95	55.24	61.95	49.48	1.079 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Wed Apr 2025	33.39	21.51	36.90	21.50	0.181 times
15 Mon Jul 2024	68.14	49.68	68.14	48.51	0.385 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

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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Essar Shipping in short term but the buy signal is initial and weak.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling 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 30.45 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.