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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 2025-05-19 View latest technical analysis

10 day averaged volume of Essar Shipping is 347562

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon May 2025	34.76	35.00	36.30	34.27	1.775 times
16 Fri May 2025	35.32	33.68	35.32	32.80	1.76 times
15 Thu May 2025	33.64	33.64	33.64	32.00	3.156 times
14 Wed May 2025	32.04	32.04	32.04	32.04	0.247 times
13 Tue May 2025	30.52	29.50	30.52	29.42	0.584 times
12 Mon May 2025	29.07	29.07	29.07	28.26	0.67 times
09 Fri May 2025	27.69	27.61	28.38	27.06	0.625 times
08 Thu May 2025	28.49	28.31	29.13	27.55	0.979 times
07 Wed May 2025	27.75	27.69	29.00	27.34	0.817 times
06 Tue May 2025	28.78	31.00	31.00	28.78	0.703 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 33.6, but if it comes below 33.6, then a intra day sell could be more profitable.
If you take a sell trade below 33.6, then use 33.6 as stoploss and 31.28 as target. However if you take a buy trade in stock , then use 33.6 as stoploss and 36.4 as target.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	21.50
Downside Target	25.85
Downside Target	27.06
Downside Target	28.26
Downside Target	29.21
Downside Target	30.16
Downside Target	31.00
Downside Target	32.89
Downside Target	34.27
Upside Target	35.32
Upside Target	36.30
Upside Target	36.90
Upside Target	48.51
Upside Target	59.45
Upside Target	68.14

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	33.92
Downside Intraday Target	33.08
Upside Intraday Target	35.95
Upside Intraday Target	37.14
Upside Intraday Target	35.11

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon May 2025	34.76	35.00	36.30	34.27	0.277 times
16 Fri May 2025	35.32	29.07	35.32	28.26	1.791 times
09 Fri May 2025	27.69	30.08	31.00	27.06	1.147 times
02 Fri May 2025	30.07	30.26	32.89	29.21	0.329 times
25 Fri Apr 2025	30.88	31.50	36.90	30.16	2.79 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
19 Mon May 2025	34.76	30.00	36.30	27.06	0.663 times
30 Wed Apr 2025	30.37	21.51	36.90	21.50	0.269 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

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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 gaining 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 in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Essar Shipping in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 32.11 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.