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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)

Showing technical analysis as on 2024-08-01 View latest technical analysis

10 day averaged volume of Essar Ship is 138770

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	52.65	54.00	55.60	52.25	0.524 times
31 Wed Jul 2024	54.99	57.16	57.40	54.55	0.378 times
30 Tue Jul 2024	56.04	58.70	59.00	55.59	0.258 times
29 Mon Jul 2024	56.60	56.51	57.70	54.55	0.313 times
26 Fri Jul 2024	56.95	57.90	59.00	56.05	0.814 times
25 Thu Jul 2024	57.00	55.18	58.43	53.60	0.567 times
24 Wed Jul 2024	55.86	57.20	59.00	55.71	1.154 times
23 Tue Jul 2024	58.64	61.35	61.35	58.64	1.224 times
22 Mon Jul 2024	61.72	61.37	67.00	61.37	3.728 times
19 Fri Jul 2024	64.60	64.60	64.60	64.60	0.34 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 52.7, but if it comes above 52.7, then a intra day buy could be more profitable.
If you take a sell trade below 52.7, then use 52.7 as stoploss and 46 as target. However if you take a buy trade in stock , then use 52.7 as stoploss and 58.36 as target.

Share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Target	20.82
Downside Target	25.89
Downside Target	33.19
Downside Target	34.25
Downside Target	48.51
Downside Target	49.61
Downside Target	52.25
Upside Target	53.60
Upside Target	55.60
Upside Target	57.70
Upside Target	59.00
Upside Target	61.98
Upside Target	63.50
Upside Target	67.00
Upside Target	71.57

Intraday share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Intraday Target	50.27
Downside Intraday Target	47.88
Upside Intraday Target	57.02
Upside Intraday Target	61.38
Upside Intraday Target	54.63

Weekly technical analysis of Essar Ship (EssarShip)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	52.65	56.51	59.00	52.25	0.197 times
26 Fri Jul 2024	56.95	61.37	67.00	53.60	0.404 times
19 Fri Jul 2024	64.60	63.56	71.57	63.50	1.125 times
12 Fri Jul 2024	61.98	55.89	61.98	49.61	1.684 times
05 Fri Jul 2024	54.79	50.28	57.70	48.51	1.07 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
01 Thu Aug 2024	52.65	54.00	55.60	52.25	0.01 times
31 Wed Jul 2024	54.99	50.28	71.57	48.51	0.752 times
28 Fri Jun 2024	49.48	31.15	59.43	25.89	2.754 times
31 Fri May 2024	30.13	29.59	33.19	26.15	0.966 times

Scroll below to view daily charts

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 Ship (EssarShip)

Price action analysis of Essar Ship ( (EssarShip) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Essar Ship ( (EssarShip) ) 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 Ship ( (EssarShip) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Essar Ship ( (EssarShip) ) based on a mid to longer 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.

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

MACD generated a SELL signal for Essar Ship in short term but the sell signal is initial and weak.

Essar Ship Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Essar Ship in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 58.87 and Essar Ship (EssarShip) 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 Ship (EssarShip) stock. Volume based technical analysis of Essar Ship (EssarShip) stock is negative.

Essar Ship Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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