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(ESSARSHPNG_BE) Essar Shipping complete technical analysis [charts+indicators] | Buy/Sell Essar Shipping | (ESSARSHPNG_BE) share price targets

Complete technical analysis of Essar Shipping (ESSARSHPNG_BE) by charts plus indicators, forecast predictions and share price targets for Essar Shipping (ESSARSHPNG_BE)

Showing technical analysis as on 2023-11-20 View latest technical analysis

10 day averaged volume of Essar Shipping is 177863

Date	Daily Closing Price	Open	High	Low	Volume
20 Mon Nov 2023	17.60	18.50	18.50	16.80	4.821 times
17 Fri Nov 2023	17.65	17.65	17.65	17.65	0.636 times
16 Thu Nov 2023	17.35	17.35	17.35	17.35	0.507 times
15 Wed Nov 2023	17.05	17.05	17.05	17.05	0.568 times
13 Mon Nov 2023	16.75	16.75	16.75	16.75	0.56 times
12 Sun Nov 2023	16.45	16.45	16.45	16.45	0.166 times
10 Fri Nov 2023	16.15	16.15	16.15	16.00	3.015 times
09 Thu Nov 2023	15.85	15.35	15.85	15.35	1.948 times
08 Wed Nov 2023	15.65	15.65	15.65	15.05	2.292 times
07 Tue Nov 2023	15.35	15.35	15.35	15.35	0.106 times

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

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 17, but if it comes below 17, then a intra day sell could be more profitable.
If you take a sell trade below 17, then use 17 as stoploss and 16.03 as target. However if you take a buy trade in stock , then use 17 as stoploss and 18.1 as target.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	10.25
Downside Target	10.70
Downside Target	12.35
Downside Target	13.25
Downside Target	13.75
Downside Target	14.25
Downside Target	14.60
Downside Target	15.05
Downside Target	15.45
Downside Target	16.15
Downside Target	16.80
Upside Target	17.65
Upside Target	18.50
Upside Target	19.40

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	16.77
Downside Intraday Target	15.93
Upside Intraday Target	18.47
Upside Intraday Target	19.33
Upside Intraday Target	17.63

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Mon Nov 2023	17.60	18.50	18.50	16.80	1.978 times
17 Fri Nov 2023	17.65	16.45	17.65	16.45	0.322 times
10 Fri Nov 2023	16.15	15.05	16.15	15.05	3.559 times
03 Fri Nov 2023	14.80	15.45	15.45	14.25	5.617 times
27 Fri Oct 2023	15.75	16.65	16.65	15.75	0.32 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Mon Nov 2023	17.60	14.85	18.50	14.25	1.024 times
31 Tue Oct 2023	15.15	14.95	19.40	13.75	1.464 times
29 Fri Sep 2023	14.25	14.00	14.60	13.25	0.317 times
31 Thu Aug 2023	14.25	11.30	15.10	10.70	1.878 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_BE)

Price action analysis of Essar Shipping ( (ESSARSHPNG_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Essar Shipping ( (ESSARSHPNG_BE) ) 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_BE) ) 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 and the buy signal is strong.

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 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 and the buying is gaining 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 16.67 and Essar Shipping (ESSARSHPNG_BE) 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_BE) stock. Volume based technical analysis of Essar Shipping (ESSARSHPNG_BE) 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.