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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 2025-01-29 View latest technical analysis

10 day averaged volume of Essar Shipping is 87067

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	30.85	30.30	30.85	28.75	0.839 times
28 Tue Jan 2025	29.39	29.25	30.80	28.86	1.479 times
27 Mon Jan 2025	30.38	31.90	31.90	30.38	1.027 times
24 Fri Jan 2025	31.98	33.90	33.90	31.62	0.566 times
23 Thu Jan 2025	33.08	33.40	34.25	32.10	0.651 times
22 Wed Jan 2025	33.48	32.70	34.30	31.60	0.895 times
21 Tue Jan 2025	33.04	34.80	34.80	33.04	0.866 times
20 Mon Jan 2025	34.78	34.28	35.96	32.90	1.642 times
17 Fri Jan 2025	34.25	32.75	34.42	32.50	1.108 times
16 Thu Jan 2025	32.79	31.50	32.79	31.50	0.591 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 31.4, but if it comes above 31.4, then a intra day buy could be more profitable.
If you take a sell trade below 31.4, then use 31.4 as stoploss and 29.3 as target. However if you take a buy trade in stock , then use 31.4 as stoploss and 33.22 as target.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	28.75
Downside Target	30.55
Upside Target	31.60
Upside Target	32.55
Upside Target	33.85
Upside Target	35.96
Upside Target	36.85
Upside Target	38.33
Upside Target	39.18
Upside Target	41.14
Upside Target	41.95
Upside Target	42.63
Upside Target	49.74

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	29.1
Downside Intraday Target	27.35
Upside Intraday Target	32.25
Upside Intraday Target	33.65
Downside Intraday Target	30.5

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	30.85	31.90	31.90	28.75	0.724 times
24 Fri Jan 2025	31.98	34.28	35.96	31.60	0.847 times
17 Fri Jan 2025	34.25	33.20	34.42	30.55	0.896 times
10 Fri Jan 2025	33.71	35.37	36.85	32.55	0.936 times
03 Fri Jan 2025	35.37	39.18	39.18	34.25	3.452 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
29 Wed Jan 2025	30.85	34.25	36.85	28.75	1.635 times
31 Tue Dec 2024	35.40	37.14	41.14	34.70	0.623 times
29 Fri Nov 2024	37.90	36.95	41.95	32.89	2.169 times
31 Thu Oct 2024	35.21	42.63	42.63	33.85	0.209 times

Scroll below to view daily charts

Price has moved down 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 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 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 losing 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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Essar Shipping in short term but BUY signal is weak.

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 32.41 and Essar Shipping (ESSARSHPNG_BE) 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_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.