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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 2025-06-23 View latest technical analysis

10 day averaged volume of Essar Shipping is 86711

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Jun 2025	29.04	28.06	29.19	28.00	0.654 times
20 Fri Jun 2025	28.80	29.37	29.37	28.00	1.313 times
19 Thu Jun 2025	28.93	30.25	30.30	28.55	1.252 times
18 Wed Jun 2025	29.57	30.44	30.90	29.50	0.847 times
17 Tue Jun 2025	30.19	30.21	30.90	30.10	0.531 times
16 Mon Jun 2025	30.78	31.21	31.90	30.11	1.221 times
13 Fri Jun 2025	31.21	30.45	31.95	30.45	0.847 times
12 Thu Jun 2025	32.06	32.85	33.33	32.00	0.708 times
11 Wed Jun 2025	32.61	31.98	32.98	30.90	1.865 times
10 Tue Jun 2025	31.41	32.00	32.00	30.41	0.715 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 29.9, but if it comes above 29.9, then a intra day buy could be more profitable.
If you take a sell trade below 29.9, then use 29.9 as stoploss and 28.4 as target. However if you take a buy trade in stock , then use 29.9 as stoploss and 31.25 as target.

Share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Target	21.56
Downside Target	23.56
Downside Target	26.49
Downside Target	28.00
Downside Target	28.75
Upside Target	30.20
Upside Target	31.50
Upside Target	33.00
Upside Target	33.33
Upside Target	33.85
Upside Target	34.50
Upside Target	35.40
Upside Target	36.85

Intraday share price targets for Essar Shipping (ESSARSHPNG_BE)

Target Type	Value
Downside Intraday Target	28.3
Downside Intraday Target	27.55
Upside Intraday Target	29.49
Upside Intraday Target	29.93
Downside Intraday Target	28.74

Weekly technical analysis of Essar Shipping (ESSARSHPNG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Jun 2025	29.04	28.06	29.19	28.00	0.127 times
20 Fri Jun 2025	28.80	31.21	31.90	28.00	1.068 times
13 Fri Jun 2025	31.21	31.36	33.33	30.41	0.841 times
06 Fri Jun 2025	31.36	31.35	33.00	30.20	1.053 times
30 Fri May 2025	32.41	33.85	33.85	31.50	2.128 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
23 Mon Jun 2025	29.04	31.35	33.33	28.00	2.043 times
30 Fri May 2025	32.41	32.25	34.50	31.50	0.286 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

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 but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 30.55 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 positive

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