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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 2025-03-11 View latest technical analysis

10 day averaged volume of Essar Shipping is 103513

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Mar 2025	25.32	24.68	26.40	24.68	1.143 times
10 Mon Mar 2025	25.98	25.22	26.48	25.02	1.911 times
07 Fri Mar 2025	25.22	25.19	25.22	24.10	1.209 times
06 Thu Mar 2025	24.02	23.85	24.02	23.10	0.485 times
05 Wed Mar 2025	22.88	21.75	23.17	21.56	1.501 times
04 Tue Mar 2025	22.07	22.50	22.90	21.67	1.711 times
03 Mon Mar 2025	22.82	23.80	24.40	22.48	0.952 times
28 Fri Feb 2025	23.67	24.98	24.98	23.56	0.842 times
27 Thu Feb 2025	24.81	26.50	26.50	24.75	0.653 times
25 Tue Feb 2025	25.78	25.71	26.45	25.30	0.308 times

My analysis of stock is bearish for shortterm, and stock might move down till 23.7 or till 21.2. Use a stoploss of 25.79 and if the stock hits stoploss, then it can shoot up till 27.88

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	21.56
Downside Target	23.56
Downside Target	24.25
Downside Target	25.22
Upside Target	26.48
Upside Target	27.61
Upside Target	28.40
Upside Target	32.45
Upside Target	32.89
Upside Target	34.70
Upside Target	35.40
Upside Target	36.85
Upside Target	41.14
Upside Target	41.95

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	24.51
Downside Intraday Target	23.69
Upside Intraday Target	26.31
Upside Intraday Target	27.29
Upside Intraday Target	25.49

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Mar 2025	25.32	25.22	26.48	24.68	0.521 times
07 Fri Mar 2025	25.22	23.80	25.22	21.56	2.625 times
28 Fri Feb 2025	23.67	25.35	26.50	23.56	0.439 times
21 Fri Feb 2025	26.55	28.40	28.40	24.25	1.689 times
14 Fri Feb 2025	27.90	31.25	32.45	27.61	0.84 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
11 Tue Mar 2025	25.32	23.80	26.48	21.56	0.641 times
28 Fri Feb 2025	23.67	34.17	35.40	23.56	0.651 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

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 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 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 gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 SELL signal in short term but selling is losing 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 24.14 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 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.