(ESSARSHPNG) Essar Shipping complete technical analysis [charts+indicators] | Buy/Sell Essar Shipping | (ESSARSHPNG) share price targets
Complete technical analysis of Essar Shipping (ESSARSHPNG) by charts plus indicators, forecast predictions and share price targets for Essar Shipping (ESSARSHPNG)
10 day averaged volume of Essar Shipping is 369990
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Tue May 2024 | 28.20 | 29.10 | 29.15 | 27.50 | 0.848 times |
| 20 Mon May 2024 | 28.50 | 28.85 | 29.20 | 28.05 | 0.219 times |
| 17 Fri May 2024 | 28.40 | 28.55 | 29.35 | 28.05 | 1.026 times |
| 16 Thu May 2024 | 28.15 | 28.20 | 28.70 | 27.90 | 0.499 times |
| 15 Wed May 2024 | 28.05 | 28.05 | 28.60 | 27.80 | 0.605 times |
My analysis of stock is bearish for shortterm, and stock might move down till 27.6 or till 26.4. Use a stoploss of 28.72 and if the stock hits stoploss, then it can shoot up till 29.8
Share price targets for Essar Shipping (ESSARSHPNG)
| Target Type | Value |
| Downside Target | 19.75 |
| Downside Target | 20.90 |
| Downside Target | 25.50 |
| Downside Target | 26.05 |
| Downside Target | 27.05 |
| Upside Target | 28.45 |
| Upside Target | 30.60 |
| Upside Target | 32.10 |
| Upside Target | 32.90 |
| Upside Target | 34.40 |
| Upside Target | 36.00 |
Intraday share price targets for Essar Shipping (ESSARSHPNG)
| Target Type | Value |
| Downside Intraday Target | 27.4 |
| Downside Intraday Target | 26.6 |
| Upside Intraday Target | 29.1 |
| Upside Intraday Target | 30 |
| Upside Intraday Target | 28.3 |
Weekly technical analysis of Essar Shipping (ESSARSHPNG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Tue May 2024 | 28.20 | 28.85 | 29.20 | 27.50 | 0.214 times |
| 17 Fri May 2024 | 28.40 | 28.50 | 29.35 | 26.05 | 0.435 times |
| 10 Fri May 2024 | 27.70 | 28.00 | 32.10 | 27.05 | 2.553 times |
| 03 Fri May 2024 | 27.75 | 30.00 | 30.60 | 27.20 | 0.5 times |
| 26 Fri Apr 2024 | 30.30 | 33.00 | 34.40 | 28.65 | 0.521 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)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 21 Tue May 2024 | 28.20 | 29.45 | 32.10 | 26.05 | 0.456 times |
| 30 Tue Apr 2024 | 28.75 | 20.90 | 34.40 | 20.90 | 1.715 times |
| 28 Thu Mar 2024 | 20.50 | 27.30 | 28.45 | 19.75 | 1.317 times |
| 29 Thu Feb 2024 | 26.90 | 31.65 | 32.90 | 25.50 | 0.667 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 16, 17, 2 | Sell |
| MACD | 1, 1 | Sell |
| Stochastics | 43 | None |
| CCI | 12 | Sell |
| RSI | 48 | Sell |
| OBV | -2293829 | Sell |
| VWAP | 28 | Buy |
| ADL | 0 | Sell |
| ROC | -1 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Essar Shipping ( (ESSARSHPNG) ) 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) ) 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) ) 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) ) 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 SELL signal for Essar Shipping in short term but the sell signal is initial and weak.
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 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 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 28.03 and Essar Shipping (ESSARSHPNG) 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) stock. Volume based technical analysis of Essar Shipping (ESSARSHPNG) 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.
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