Stock analysis Essar Shipping Limited ESSARSHPNG
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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.