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(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 608112

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 28.40 28.55 29.35 28.05 0.625 times
16 Thu May 2024 28.15 28.20 28.70 27.90 0.303 times
15 Wed May 2024 28.05 28.05 28.60 27.80 0.368 times
14 Tue May 2024 27.90 27.10 29.20 27.10 0.973 times
13 Mon May 2024 26.90 28.50 28.50 26.05 0.763 times

My analysis of stock is bearish for shortterm, and stock might move down till 27.7 or till 26.1. Use a stoploss of 29.01 and if the stock hits stoploss, then it can shoot up till 30.31

Share price targets for Essar Shipping (ESSARSHPNG)

Target Type Value
Downside Target 19.75
Downside Target 20.90
Downside Target 25.05
Downside Target 26.05
Downside Target 27.05
Upside Target 28.45
Upside Target 29.35
Upside Target 30.60
Upside Target 32.10
Upside Target 32.90
Upside Target 33.00
Upside Target 34.40
Upside Target 36.00

Intraday share price targets for Essar Shipping (ESSARSHPNG)

Target Type Value
Downside Intraday Target 26.52
Downside Intraday Target 24.63
Upside Intraday Target 29.82
Upside Intraday Target 31.23
Downside Intraday Target 27.93

Weekly technical analysis of Essar Shipping (ESSARSHPNG)

Date Weekly Closing Price Open High Low Volume
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
19 Fri Apr 2024 31.45 26.50 33.00 25.05 2.478 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)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 28.40 29.45 32.10 26.05 0.432 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 19, 16, 9 Buy
MACD 1, 1Sell
Stochastics 36None
CCI 21Buy
RSI 49Sell
OBV 2426830Sell
VWAP 29Sell
ADL 0Sell
ROC 2Buy
Force Index 0Sell

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak and stock is gaining 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 moving up

CCI has generated a buy signal for Essar Shipping in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 28.61 and Essar Shipping (ESSARSHPNG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 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.

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