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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 2024-12-23 View latest technical analysis

10 day averaged volume of Essar Ship is 19679

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	37.82	38.44	38.44	37.82	0.083 times
20 Fri Dec 2024	38.59	39.00	39.30	38.59	0.921 times
19 Thu Dec 2024	39.37	38.49	39.37	38.49	0.16 times
18 Wed Dec 2024	38.60	38.60	38.60	38.60	0.147 times
17 Tue Dec 2024	39.38	39.39	39.39	39.38	0.805 times
16 Mon Dec 2024	40.18	40.18	40.18	40.18	1.916 times
13 Fri Dec 2024	41.00	41.19	41.19	40.99	2.814 times
12 Thu Dec 2024	40.39	40.39	40.39	40.39	1.254 times
11 Wed Dec 2024	39.60	39.60	39.60	39.60	0.783 times
10 Tue Dec 2024	38.83	38.83	38.83	38.83	0.266 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 37.4 as stoploss in an intra day buy trade for a target of 38.64. However, stock will show a bearish move below 37.4.

Share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Target	32.83
Downside Target	36.45
Downside Target	37.50
Upside Target	40.18
Upside Target	41.04
Upside Target	41.19
Upside Target	41.87
Upside Target	42.51
Upside Target	44.00
Upside Target	49.65
Upside Target	55.60

Intraday share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Intraday Target	37.61
Downside Intraday Target	37.41
Upside Intraday Target	38.23
Upside Intraday Target	38.65
Upside Intraday Target	38.03

Weekly technical analysis of Essar Ship (EssarShip)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	37.82	38.44	38.44	37.82	0.021 times
20 Fri Dec 2024	38.59	40.18	40.18	38.49	0.652 times
13 Fri Dec 2024	41.00	38.07	41.19	38.07	1.687 times
06 Fri Dec 2024	37.33	37.50	37.50	36.45	0.752 times
29 Fri Nov 2024	37.94	41.04	41.04	37.94	0.605 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
23 Mon Dec 2024	37.82	37.50	41.19	36.45	0.607 times
29 Fri Nov 2024	37.94	36.78	41.87	32.83	1.143 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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

Essar Ship Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Essar Ship in short term and SELL signal is strong!

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 40.08 and Essar Ship (EssarShip) stock is trading below this level. This means that stock is falling with high volumes. 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 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.