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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.

10 day averaged volume of Essar Shipping is 1060288

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	29.30	31.00	31.00	28.65	0.469 times
23 Tue Apr 2024	30.25	31.50	31.80	30.00	0.486 times
22 Mon Apr 2024	31.05	33.00	34.40	30.75	1.072 times
19 Fri Apr 2024	31.45	31.15	33.00	29.25	1.832 times
18 Thu Apr 2024	31.35	28.50	31.35	28.35	2.401 times
16 Tue Apr 2024	28.50	28.00	29.90	27.75	0.597 times
15 Mon Apr 2024	28.00	26.50	29.40	25.05	1.185 times
12 Fri Apr 2024	26.80	27.95	28.50	26.40	0.347 times
10 Wed Apr 2024	27.55	28.40	29.60	27.10	0.481 times
09 Tue Apr 2024	27.55	28.40	29.75	27.15	0.644 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 29.9 as stoploss in an intra day sell trade for a target of 26.09. However, stock will show a bullish move above 29.9.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	17.65
Downside Target	19.75
Downside Target	20.90
Downside Target	21.80
Downside Target	25.05
Downside Target	26.40
Downside Target	27.25
Downside Target	28.45
Upside Target	29.75
Upside Target	32.90
Upside Target	33.00
Upside Target	34.40
Upside Target	36.00
Upside Target	38.95

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	27.17
Downside Intraday Target	25.03
Upside Intraday Target	32.92
Upside Intraday Target	36.53
Upside Intraday Target	30.78

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	29.30	33.00	34.40	28.65	0.337 times
19 Fri Apr 2024	31.45	26.50	33.00	25.05	2.478 times
12 Fri Apr 2024	26.80	28.35	29.75	26.40	0.745 times
05 Fri Apr 2024	27.25	20.90	27.25	20.90	1.987 times
28 Thu Mar 2024	20.50	21.20	21.80	19.75	0.86 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
24 Wed Apr 2024	29.30	20.90	34.40	20.90	1.524 times
28 Thu Mar 2024	20.50	27.30	28.45	19.75	1.317 times
29 Thu Feb 2024	26.90	31.65	32.90	25.50	0.667 times
31 Wed Jan 2024	31.40	33.60	36.00	28.50	0.248 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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. Bulls are getting tired and bears are picking up momentum.

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 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

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 29.97 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.