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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 2024-11-07 View latest technical analysis

10 day averaged volume of Essar Ship is 17047

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	39.23	40.99	40.99	39.10	1.416 times
06 Wed Nov 2024	39.28	37.11	39.50	36.50	2.682 times
05 Tue Nov 2024	37.83	38.00	38.00	37.00	1.595 times
04 Mon Nov 2024	38.61	38.59	38.61	38.52	1.449 times
01 Fri Nov 2024	36.78	36.78	36.78	36.78	0.026 times
31 Thu Oct 2024	35.03	35.03	35.03	35.03	0.26 times
30 Wed Oct 2024	34.35	33.42	34.35	33.42	0.286 times
29 Tue Oct 2024	33.68	33.75	33.75	33.68	0.425 times
28 Mon Oct 2024	34.36	34.80	34.80	34.36	1.93 times
25 Fri Oct 2024	35.06	35.06	35.06	35.06	0.32 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.1, but if it comes below 39.1, then a intra day sell could be more profitable.
If you take a sell trade below 39.1, then use 39.1 as stoploss and 37.19 as target. However if you take a buy trade in stock , then use 39.1 as stoploss and 41.4 as target.

Share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Target	33.42
Downside Target	35.06
Downside Target	36.50
Downside Target	38.35
Upside Target	40.50
Upside Target	40.99
Upside Target	42.51
Upside Target	44.00
Upside Target	48.51
Upside Target	49.65
Upside Target	55.60
Upside Target	71.57

Intraday share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Intraday Target	36.82
Downside Intraday Target	34.42
Upside Intraday Target	41.31
Upside Intraday Target	43.4
Downside Intraday Target	38.91

Weekly technical analysis of Essar Ship (EssarShip)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	39.23	38.59	40.99	36.50	2.439 times
01 Fri Nov 2024	36.78	34.80	36.78	33.42	0.438 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Essar Ship (EssarShip)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	39.23	36.78	40.99	36.50	0.315 times
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

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 neutral. A longer time frame might give a better analysis.

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 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 Strong 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 tired and bears are picking up momentum.

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

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 37.44 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 negative.

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