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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 2025-02-04 View latest technical analysis

10 day averaged volume of Essar Shipping is 80844

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	31.99	32.46	33.40	31.15	0.874 times
03 Mon Feb 2025	32.46	34.17	35.40	32.18	0.964 times
31 Fri Jan 2025	32.93	33.62	33.90	31.60	1.24 times
30 Thu Jan 2025	32.39	31.05	32.39	31.05	0.988 times
29 Wed Jan 2025	30.85	30.30	30.85	28.75	0.904 times
28 Tue Jan 2025	29.39	29.25	30.80	28.86	1.593 times
27 Mon Jan 2025	30.38	31.90	31.90	30.38	1.107 times
24 Fri Jan 2025	31.98	33.90	33.90	31.62	0.609 times
23 Thu Jan 2025	33.08	33.40	34.25	32.10	0.701 times
22 Wed Jan 2025	33.48	32.70	34.30	31.60	0.964 times

My analysis of stock is bearish for shortterm, and stock might move down till 31.2 or till 29.5. Use a stoploss of 32.68 and if the stock hits stoploss, then it can shoot up till 34.15

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	28.75
Downside Target	30.55
Upside Target	32.55
Upside Target	33.85
Upside Target	35.40
Upside Target	35.96
Upside Target	36.85
Upside Target	41.14
Upside Target	41.95
Upside Target	42.63

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	30.29
Downside Intraday Target	28.6
Upside Intraday Target	34.54
Upside Intraday Target	37.1
Upside Intraday Target	32.85

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	31.99	34.17	35.40	31.15	0.315 times
31 Fri Jan 2025	32.93	31.90	33.90	28.75	1.172 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

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
04 Tue Feb 2025	31.99	34.17	35.40	31.15	0.067 times
31 Fri Jan 2025	32.93	34.25	36.85	28.75	1.78 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

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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Essar Shipping ( (ESSARSHPNG_BE) ) based on a short to mid 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Essar Shipping in short term but the buy 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red 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

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 31.71 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 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.