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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 675551

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	27.70	27.70	28.45	27.10	0.462 times
09 Thu May 2024	27.45	29.15	29.65	27.10	0.64 times
08 Wed May 2024	29.00	28.90	30.40	28.35	1.061 times
07 Tue May 2024	28.40	31.40	32.10	27.85	2.267 times
06 Mon May 2024	30.50	28.00	30.50	27.05	1.842 times
03 Fri May 2024	27.75	28.90	29.15	27.20	0.876 times
02 Thu May 2024	28.20	29.45	29.45	28.00	0.606 times
30 Tue Apr 2024	28.75	30.35	30.40	28.50	0.571 times
29 Mon Apr 2024	30.00	30.00	30.60	29.60	0.405 times
26 Fri Apr 2024	30.30	31.15	31.30	30.10	0.48 times

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Target	19.75
Downside Target	20.90
Downside Target	25.05
Downside Target	26.40
Downside Target	27.05
Upside Target	28.45
Upside Target	29.75
Upside Target	30.60
Upside Target	32.10
Upside Target	32.90
Upside Target	33.00
Upside Target	34.40
Upside Target	36.00

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type	Value
Downside Intraday Target	25.8
Downside Intraday Target	23.9
Upside Intraday Target	30.85
Upside Intraday Target	34
Upside Intraday Target	28.95

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	27.70	28.00	32.10	27.05	2.553 times
03 Fri May 2024	27.75	30.00	30.60	27.20	0.5 times
26 Fri Apr 2024	30.30	33.00	34.40	28.65	0.521 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

Price has moved down 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
10 Fri May 2024	27.70	29.45	32.10	27.05	0.32 times
30 Tue Apr 2024	28.75	20.90	34.40	20.90	1.715 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

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 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 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 BUY. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

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 but buying 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 28.9 and Essar Shipping (ESSARSHPNG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.