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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 2024-09-20 View latest technical analysis

10 day averaged volume of Essar Ship is 38713

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	40.86	38.92	40.86	38.35	1.728 times
19 Thu Sep 2024	38.92	40.89	40.89	38.70	1.991 times
18 Wed Sep 2024	40.25	41.00	41.40	39.81	0.346 times
17 Tue Sep 2024	40.63	40.80	42.48	39.75	0.943 times
16 Mon Sep 2024	41.64	43.49	43.49	41.30	0.47 times
13 Fri Sep 2024	42.64	42.90	43.15	42.23	0.659 times
12 Thu Sep 2024	42.34	42.55	44.18	41.80	1.469 times
11 Wed Sep 2024	43.40	43.95	45.50	43.16	0.895 times
10 Tue Sep 2024	43.95	42.50	44.18	40.50	1.199 times
09 Mon Sep 2024	42.08	43.51	44.20	42.08	0.7 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.2, but if it comes above 41.2, then a intra day buy could be more profitable.
If you take a sell trade below 41.2, then use 41.2 as stoploss and 38.5 as target. However if you take a buy trade in stock , then use 41.2 as stoploss and 43.55 as target.

Share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Target	25.89
Downside Target	33.19
Downside Target	38.35
Downside Target	40.50
Upside Target	43.00
Upside Target	47.20
Upside Target	48.51
Upside Target	49.35
Upside Target	52.01
Upside Target	55.60
Upside Target	59.43
Upside Target	71.57

Intraday share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Intraday Target	38.31
Downside Intraday Target	35.76
Upside Intraday Target	43.45
Upside Intraday Target	46.04
Upside Intraday Target	40.9

Weekly technical analysis of Essar Ship (EssarShip)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	40.86	43.49	43.49	38.35	1.113 times
13 Fri Sep 2024	42.64	43.51	45.50	40.50	1.467 times
06 Fri Sep 2024	44.29	46.00	47.20	43.00	0.476 times
30 Fri Aug 2024	45.10	47.93	49.35	44.50	0.708 times
23 Fri Aug 2024	48.82	44.90	52.01	44.90	1.815 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
20 Fri Sep 2024	40.86	46.00	47.20	38.35	0.377 times
30 Fri Aug 2024	45.10	54.00	55.60	44.00	0.192 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

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 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 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 and the sell 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 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 moving up

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 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 41.46 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.