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(EssarShip) Essar Ship complete technical analysis [charts+indicators] | Buy/Sell Essar Ship | (EssarShip) share price targets

Complete technical analysis of Essar Ship (EssarShip) by charts plus indicators, forecast predictions and share price targets for Essar Ship (EssarShip)

10 day averaged volume of Essar Ship is 224677

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	31.10	32.69	34.25	30.97	1.265 times
19 Fri Apr 2024	31.37	31.13	32.95	29.99	1.133 times
18 Thu Apr 2024	31.22	28.50	31.22	28.50	1.28 times
16 Tue Apr 2024	28.39	28.00	29.70	27.60	0.359 times
15 Mon Apr 2024	28.14	26.44	29.44	24.95	1.303 times
12 Fri Apr 2024	26.84	27.94	28.15	26.40	0.49 times
10 Wed Apr 2024	27.56	28.29	29.30	27.12	0.217 times
09 Tue Apr 2024	27.54	28.76	29.74	27.38	0.282 times
08 Mon Apr 2024	28.26	28.45	29.24	27.74	0.851 times
05 Fri Apr 2024	27.86	27.07	27.86	25.00	2.315 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 29.2, but if it comes below 29.2, then a intra day sell could be more profitable.
If you take a sell trade below 29.2, then use 29.2 as stoploss and 25.42 as target. However if you take a buy trade in stock , then use 29.2 as stoploss and 33.7 as target.

Share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Target	16.60
Downside Target	19.70
Downside Target	20.82
Downside Target	21.89
Downside Target	24.95
Downside Target	25.50
Downside Target	26.40
Downside Target	27.86
Downside Target	28.48
Downside Target	29.74
Downside Target	30.97
Upside Target	32.64
Upside Target	34.25
Upside Target	36.22
Upside Target	39.02

Intraday share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Intraday Target	29.96
Downside Intraday Target	28.83
Upside Intraday Target	33.24
Upside Intraday Target	35.39
Upside Intraday Target	32.11

Weekly technical analysis of Essar Ship (EssarShip)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	31.10	32.69	34.25	30.97	0.31 times
19 Fri Apr 2024	31.37	26.44	32.95	24.95	2.214 times
12 Fri Apr 2024	26.84	28.45	29.74	26.40	0.348 times
05 Fri Apr 2024	27.86	20.82	27.86	20.82	2.921 times
28 Thu Mar 2024	20.86	21.17	21.89	19.70	0.569 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 Ship (EssarShip)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	31.10	20.82	34.25	20.82	1.272 times
28 Thu Mar 2024	20.86	27.00	28.48	19.70	1.137 times
29 Thu Feb 2024	26.81	31.98	32.64	25.50	0.771 times
31 Wed Jan 2024	31.39	33.63	36.22	28.75	0.201 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 Ship (EssarShip)

Price action analysis of Essar Ship ( (EssarShip) ) 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 Ship ( (EssarShip) ) based on a short to mid 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 Ship ( (EssarShip) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Essar Ship stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Essar Ship in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Essar Ship Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Essar Ship 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

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Essar Ship is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 29.19 and Essar Ship (EssarShip) 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 Ship (EssarShip) stock. Volume based technical analysis of Essar Ship (EssarShip) stock is negative.

Essar Ship 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.