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Stock analysis Essar Shipping Limited ESSARSHPNG

More indepth analysis on MunafaSutra.com

Moving Averages for Essar Shipping Limited

  • 5Day Average: 20.62
  • 12Day Average: 21.24
  • 20Day Average: 22.83
  • 50Day Average: 26.98
  • 100Day Average: 25.2
  • 150Day Average: 19.68
  • 200Day Average: 17.06

ESSARSHPNG Indicators & signals

Indicator MACD (12,26,9)

21.55, 23.52, -1.92
Indicator MACD is in negative zone

Indicator ADX (14)

18.18, 17.65, 25.49
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ESSARSHPNG Essar Shipping Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 20.25 20.10 to 21.80 -2.64% 1.44 times
27 Wed Mar 2024 20.80 19.95 to 20.80 4.79% 0.55 times
26 Tue Mar 2024 19.85 19.75 to 21.25 -4.34% 1.55 times
22 Fri Mar 2024 20.75 20.70 to 21.70 -3.26% 1.16 times
21 Thu Mar 2024 21.45 21.10 to 22.85 -1.61% 1.18 times
20 Wed Mar 2024 21.80 21.30 to 21.80 4.81% 0.24 times
19 Tue Mar 2024 20.80 20.60 to 21.80 0% 0.97 times
18 Mon Mar 2024 20.80 20.60 to 22.20 -3.93% 0.57 times
15 Fri Mar 2024 21.65 21.45 to 23.45 -3.99% 0.79 times
14 Thu Mar 2024 22.55 20.50 to 22.60 4.64% 2.61 times
13 Wed Mar 2024 21.55 21.55 to 22.65 -4.86% 0.39 times
12 Tue Mar 2024 22.65 22.65 to 23.70 -4.83% 0.59 times

Technical analysis forecast for Essar Shipping Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Essar Shipping Limited ESSARSHPNG at this time. Stock is falling and might fall more.

It appears as if Essar Shipping Limited ESSARSHPNG gave a large move recently.

Stock of Essar Shipping Limited (ESSARSHPNG) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Essar Shipping Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Essar Shipping Limited stays below 20.5, but if it comes above 20.5, then a intra day buy could be more profitable.
If you take a sell trade below 20.5, then use 20.5 as stoploss and 17.9 as target. However if you take a buy trade in Essar Shipping Limited, then use 20.5 as stoploss and 22.76 as target.

More indepth analysis on MunafaSutra.com