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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 89351

Date Daily Closing Price Open High Low Volume
16 Fri Apr 2021 7.85 8.05 8.10 7.80 0.337 times
15 Thu Apr 2021 7.85 7.95 8.10 7.80 0.351 times
13 Tue Apr 2021 7.95 7.90 8.05 7.75 0.479 times
12 Mon Apr 2021 7.65 7.95 8.15 7.45 0.847 times
09 Fri Apr 2021 7.95 8.55 8.60 7.55 2.855 times
08 Thu Apr 2021 8.40 8.75 9.00 8.30 1.496 times
07 Wed Apr 2021 8.20 8.25 8.40 8.05 0.41 times
06 Tue Apr 2021 8.20 8.20 8.50 8.00 0.388 times
05 Mon Apr 2021 8.15 8.15 8.25 7.95 0.6 times
01 Thu Apr 2021 8.15 7.75 8.25 7.75 1.332 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 7.8 as stoploss in an intra day buy trade for a target of 8.22. However, stock will show a bearish move below 7.8.

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type Value
Downside Target 7.30
Downside Target 7.45
Upside Target 8.00
Upside Target 8.35
Upside Target 8.70
Upside Target 8.90
Upside Target 9.00
Upside Target 9.45
Upside Target 9.60
Upside Target 10.50
Upside Target 10.60
Upside Target 12.30

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type Value
Downside Intraday Target 7.48
Downside Intraday Target 7.12
Upside Intraday Target 8.18
Upside Intraday Target 8.52
Downside Intraday Target 7.82

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date Weekly Closing Price Open High Low Volume
16 Fri Apr 2021 7.85 7.95 8.15 7.45 0.35 times
09 Fri Apr 2021 7.95 8.15 9.00 7.55 1.605 times
01 Thu Apr 2021 8.15 7.60 8.50 7.60 0.476 times
26 Fri Mar 2021 7.60 8.70 9.45 7.30 1.689 times
19 Fri Mar 2021 8.60 9.60 9.60 8.35 1.034 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
16 Fri Apr 2021 7.85 7.75 9.00 7.45 0.365 times
31 Wed Mar 2021 7.75 8.55 10.50 7.30 2.072 times
25 Thu Feb 2021 9.20 9.25 10.60 8.70 1.029 times
29 Fri Jan 2021 9.05 10.45 10.60 8.90 0.444 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)

Indicator Name Indicator Value Indicator Signal
ADX 13, 20, 20 Sell
MACD -1, -1Sell
Stochastics 28Sell
CCI -61Sell
RSI 44Sell
OBV -716724Sell
VWAP 8Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Essar Shipping ( (ESSARSHPNG) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a SELL signal for Essar Shipping in short term and the sell signal is strong.

Essar Shipping Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 SELL signal for Essar Shipping in short term

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 8.05 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 negative.

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

Click here for Essar Shipping charts

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Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

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