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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 2024-12-30 View latest technical analysis

10 day averaged volume of Essar Ship is 18022

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	36.42	39.35	39.35	36.28	1.121 times
27 Fri Dec 2024	38.18	37.50	38.18	37.50	0.826 times
26 Thu Dec 2024	37.80	39.10	39.10	37.80	0.3 times
24 Tue Dec 2024	38.57	37.07	38.57	37.07	1.4 times
23 Mon Dec 2024	37.82	38.44	38.44	37.82	0.091 times
20 Fri Dec 2024	38.59	39.00	39.30	38.59	1.006 times
19 Thu Dec 2024	39.37	38.49	39.37	38.49	0.174 times
18 Wed Dec 2024	38.60	38.60	38.60	38.60	0.16 times
17 Tue Dec 2024	39.38	39.39	39.39	39.38	0.879 times
16 Mon Dec 2024	40.18	40.18	40.18	40.18	2.092 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.1, but if it comes above 37.1, then a intra day buy could be more profitable.
If you take a sell trade below 37.1, then use 37.1 as stoploss and 35.5 as target. However if you take a buy trade in stock , then use 37.1 as stoploss and 38.37 as target.

Share price targets for Essar Ship (EssarShip)

Target Type	Value
Downside Target	32.83
Downside Target	36.28
Upside Target	39.35
Upside Target	40.18
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	35.35
Downside Intraday Target	34.28
Upside Intraday Target	38.42
Upside Intraday Target	40.42
Upside Intraday Target	37.35

Weekly technical analysis of Essar Ship (EssarShip)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	36.42	39.35	39.35	36.28	0.428 times
27 Fri Dec 2024	38.18	38.44	39.10	37.07	0.607 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

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
30 Mon Dec 2024	36.42	37.50	41.19	36.28	0.755 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 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 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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Essar Ship is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 38.72 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 positive

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