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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 2024-10-31 View latest technical analysis

10 day averaged volume of Essar Ship is 18770

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	35.03	35.03	35.03	35.03	0.236 times
30 Wed Oct 2024	34.35	33.42	34.35	33.42	0.26 times
29 Tue Oct 2024	33.68	33.75	33.75	33.68	0.386 times
28 Mon Oct 2024	34.36	34.80	34.80	34.36	1.753 times
25 Fri Oct 2024	35.06	35.06	35.06	35.06	0.29 times
24 Thu Oct 2024	35.77	36.03	36.03	35.77	0.932 times
23 Wed Oct 2024	36.50	36.02	36.50	36.02	0.829 times
22 Tue Oct 2024	36.75	37.40	37.80	36.75	3.697 times
21 Mon Oct 2024	37.50	38.50	38.50	37.50	0.321 times
18 Fri Oct 2024	38.26	37.50	38.26	37.01	1.14 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.3, but if it comes above 35.3, then a intra day buy could be more profitable.
If you take a sell trade below 35.3, then use 35.3 as stoploss and 32.6 as target. However if you take a buy trade in stock , then use 35.3 as stoploss and 37.62 as target.

Share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Target	25.89
Downside Target	33.42
Downside Target	35.03
Upside Target	37.01
Upside Target	38.35
Upside Target	40.50
Upside Target	41.66
Upside Target	42.51
Upside Target	43.37
Upside Target	48.51
Upside Target	49.65
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	33.96
Downside Intraday Target	32.88
Upside Intraday Target	35.57
Upside Intraday Target	36.1
Downside Intraday Target	34.49

Weekly technical analysis of Essar Ship (EssarShip)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	35.03	34.80	35.03	33.42	0.434 times
25 Fri Oct 2024	35.06	38.50	38.50	35.06	1.298 times
18 Fri Oct 2024	38.26	40.50	40.50	37.01	0.687 times
11 Fri Oct 2024	40.50	40.02	40.50	39.00	10.625 times
03 Thu Oct 2024	41.66	43.37	43.37	41.66	0.059 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
31 Thu Oct 2024	35.03	42.51	42.51	33.42	0.525 times
30 Mon Sep 2024	43.37	46.00	49.65	38.35	0.522 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

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 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 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 losing 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 but buying is losing 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 36.13 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.