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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 2024-08-16 View latest technical analysis

10 day averaged volume of Essar Ship is 70641

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	44.95	45.25	46.60	44.10	0.704 times
14 Wed Aug 2024	45.24	45.40	45.85	44.00	0.281 times
13 Tue Aug 2024	44.82	46.52	47.45	44.50	1.143 times
12 Mon Aug 2024	46.52	46.50	47.60	46.40	0.877 times
09 Fri Aug 2024	47.71	46.20	49.00	45.89	1.505 times
08 Thu Aug 2024	47.23	48.78	48.78	47.00	0.797 times
07 Wed Aug 2024	48.30	49.61	50.40	46.65	0.47 times
06 Tue Aug 2024	48.74	47.35	50.64	47.35	0.806 times
05 Mon Aug 2024	48.23	49.63	49.63	47.72	1.814 times
02 Fri Aug 2024	50.23	51.60	52.49	50.05	1.279 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 46.6, but if it comes above 46.6, then a intra day buy could be more profitable.
If you take a sell trade below 46.6, then use 46.6 as stoploss and 39.7 as target. However if you take a buy trade in stock , then use 46.6 as stoploss and 52.35 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	44.00
Upside Target	45.89
Upside Target	47.60
Upside Target	50.05
Upside Target	53.60
Upside Target	55.60
Upside Target	59.00
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	43.43
Downside Intraday Target	41.92
Upside Intraday Target	47.03
Upside Intraday Target	49.12
Upside Intraday Target	45.52

Weekly technical analysis of Essar Ship (EssarShip)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	44.95	46.50	47.60	44.00	0.557 times
09 Fri Aug 2024	47.71	49.63	50.64	45.89	1.292 times
02 Fri Aug 2024	50.23	56.51	59.00	50.05	0.284 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

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
16 Fri Aug 2024	44.95	54.00	55.60	44.00	0.102 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 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 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 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 losing momentum.

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

Essar Ship 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Essar Ship in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 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 47.49 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.