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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 2024-09-12 View latest technical analysis

10 day averaged volume of Essar Shipping is 206004

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	42.28	43.19	43.85	41.30	0.675 times
11 Wed Sep 2024	43.19	44.00	45.20	43.01	0.813 times
10 Tue Sep 2024	43.76	42.09	44.19	39.99	2.112 times
09 Mon Sep 2024	42.09	44.31	44.49	42.09	1.085 times
06 Fri Sep 2024	44.31	45.29	45.29	43.05	1.025 times
05 Thu Sep 2024	44.53	44.58	45.25	44.15	0.568 times
04 Wed Sep 2024	43.91	44.00	44.55	43.45	0.81 times
03 Tue Sep 2024	44.67	44.66	45.95	44.01	0.564 times
02 Mon Sep 2024	44.66	45.85	46.50	44.35	0.746 times
30 Fri Aug 2024	45.19	43.25	46.70	43.25	0.663 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 43.3, but if it comes above 43.3, then a intra day buy could be more profitable.
If you take a sell trade below 43.3, then use 43.3 as stoploss and 40.3 as target. However if you take a buy trade in stock , then use 43.3 as stoploss and 45.73 as target.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	14.25
Downside Target	16.85
Downside Target	17.50
Downside Target	18.50
Downside Target	39.99
Upside Target	43.05
Upside Target	45.00
Upside Target	46.50
Upside Target	47.90
Upside Target	49.10
Upside Target	51.42
Upside Target	54.00
Upside Target	56.50
Upside Target	71.54

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	39.78
Downside Intraday Target	37.28
Upside Intraday Target	44.99
Upside Intraday Target	47.7
Upside Intraday Target	42.49

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	42.28	44.31	45.20	39.99	1.262 times
06 Fri Sep 2024	44.31	45.85	46.50	43.05	0.825 times
30 Fri Aug 2024	45.19	49.10	49.10	43.25	0.638 times
23 Fri Aug 2024	48.58	45.30	51.42	45.00	1.691 times
16 Fri Aug 2024	44.43	47.50	47.90	44.00	0.445 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	42.28	45.85	46.50	39.99	0.25 times
30 Fri Aug 2024	45.19	55.90	56.50	43.25	0.839 times
31 Wed Jul 2024	55.26	68.14	71.54	54.00	43.347 times
01 Fri Dec 2023	17.35	17.00	17.50	16.85	0.037 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_BE)

Price action analysis of Essar Shipping ( (ESSARSHPNG_BE) ) 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_BE) ) 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_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 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 Strong and stock is gaining momentum.

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

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 green color and prices are in or below the green cloud Prices appear to be coming down

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 and the buying is gaining 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 43.76 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.