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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 2024-09-25 View latest technical analysis

10 day averaged volume of Essar Ship is 38110

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	47.29	46.40	47.29	45.05	2.609 times
24 Tue Sep 2024	45.04	44.50	45.04	44.00	1.173 times
23 Mon Sep 2024	42.90	42.30	42.90	41.50	0.191 times
20 Fri Sep 2024	40.86	38.92	40.86	38.35	1.756 times
19 Thu Sep 2024	38.92	40.89	40.89	38.70	2.022 times
18 Wed Sep 2024	40.25	41.00	41.40	39.81	0.352 times
17 Tue Sep 2024	40.63	40.80	42.48	39.75	0.958 times
16 Mon Sep 2024	41.64	43.49	43.49	41.30	0.478 times
13 Fri Sep 2024	42.64	42.90	43.15	42.23	0.669 times
12 Thu Sep 2024	42.34	42.55	44.18	41.80	1.493 times

Stock of Essar Ship (EssarShip) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 47.6, for a target of 45.2 or 43.22

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
Downside Target	41.50
Downside Target	43.00
Downside Target	45.50
Downside Target	47.20
Downside Target	47.29
Upside Target	48.51
Upside Target	49.35
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	43.43
Downside Intraday Target	39.57
Upside Intraday Target	49.22
Upside Intraday Target	51.15
Downside Intraday Target	45.36

Weekly technical analysis of Essar Ship (EssarShip)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	47.29	42.30	47.29	41.50	0.714 times
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

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 Ship (EssarShip)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	47.29	46.00	47.29	38.35	0.484 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Essar Ship ( (EssarShip) ) based on a short to mid 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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 stronger in this stock.

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 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 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 42.7 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.