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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 2025-05-21 View latest technical analysis

10 day averaged volume of Essar Shipping is 147612

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed May 2025	33.90	32.25	34.50	31.90	0.569 times
28 Fri Mar 2025	21.65	22.65	22.99	21.60	1.484 times
26 Wed Mar 2025	22.73	23.76	23.99	22.70	1.221 times
25 Tue Mar 2025	23.86	25.40	25.40	23.75	1.494 times
24 Mon Mar 2025	24.98	26.20	26.20	24.75	0.942 times
21 Fri Mar 2025	25.46	26.49	26.49	24.85	0.885 times
20 Thu Mar 2025	25.67	26.48	26.48	25.16	1.151 times
19 Wed Mar 2025	25.74	25.03	25.74	24.52	1.196 times
18 Tue Mar 2025	24.52	24.79	24.79	23.15	0.463 times
17 Mon Mar 2025	23.84	24.79	25.71	23.55	0.729 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 30.1, for a target of 27.2 or 24.71

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	21.56
Downside Target	23.15
Downside Target	24.09
Downside Target	25.22
Downside Target	26.20
Downside Target	28.75
Downside Target	31.90
Upside Target	34.50
Upside Target	34.70
Upside Target	35.40
Upside Target	36.85
Upside Target	41.14

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	32.37
Downside Intraday Target	30.83
Upside Intraday Target	34.97
Upside Intraday Target	36.03
Downside Intraday Target	33.43

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed May 2025	33.90	32.25	34.50	31.90	0.111 times
28 Fri Mar 2025	21.65	26.20	26.20	21.60	1.162 times
21 Fri Mar 2025	25.46	24.79	26.49	23.15	1.561 times
13 Thu Mar 2025	24.79	25.22	26.48	24.09	0.69 times
07 Fri Mar 2025	25.22	23.80	25.22	21.56	2.625 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
21 Wed May 2025	33.90	32.25	34.50	31.90	0.034 times
28 Fri Mar 2025	21.65	23.80	26.49	21.56	1.694 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

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 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 BUY. Signal strength is Strong 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 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 buy signal for Essar Shipping in short term and BUY signal is strong.

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 24.66 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.