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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 2023-11-30 View latest technical analysis

10 day averaged volume of Essar Shipping is 310329

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	16.95	17.40	17.40	16.10	0.862 times
29 Wed Nov 2023	16.60	17.65	17.65	16.40	0.821 times
28 Tue Nov 2023	17.10	16.40	17.10	16.00	1.094 times
24 Fri Nov 2023	16.30	16.70	16.75	16.05	0.923 times
23 Thu Nov 2023	16.80	15.60	16.80	15.60	0.949 times
22 Wed Nov 2023	16.00	16.40	16.70	16.00	0.47 times
21 Tue Nov 2023	16.85	16.75	18.25	16.75	2 times
20 Mon Nov 2023	17.60	18.50	18.50	16.80	2.763 times
17 Fri Nov 2023	17.65	17.65	17.65	17.65	0.364 times
16 Thu Nov 2023	17.35	17.35	17.35	17.35	0.291 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 17.2 as stoploss in an intra day sell trade for a target of 16.34. However, stock will show a bullish move above 17.2.

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	16.00
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	16.08
Downside Intraday Target	15.22
Upside Intraday Target	17.73
Upside Intraday Target	18.52
Downside Intraday Target	16.87

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	16.95	16.40	17.65	16.00	0.391 times
24 Fri Nov 2023	16.30	18.50	18.50	15.60	5.086 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

Price has moved up 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	16.95	14.85	18.50	14.25	1.792 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, and volume has increased substantially. This means that the move can 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 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 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_BE) ) 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_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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. 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 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

Stock of Essar Shipping is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 17.01 and Essar Shipping (ESSARSHPNG_BE) 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_BE) stock. Volume based technical analysis of Essar Shipping (ESSARSHPNG_BE) stock is negative.

Essar Shipping Stock has given negative 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.