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Stock analysis Essar Shipping Limited ESSARSHPNG

More indepth analysis on MunafaSutra.com

Moving Averages for Essar Shipping Limited

  • 5Day Average: 30.59
  • 12Day Average: 30.05
  • 20Day Average: 30.69
  • 50Day Average: 38.96
  • 100Day Average: 34.43
  • 150Day Average: 31.89
  • 200Day Average: 29.88

ESSARSHPNG Indicators & signals

Indicator MACD (12,26,9)

30.61, 31.98, -2.21
Indicator MACD is in negative zone

Indicator ADX (14)

4.24, 35.1, 32.24
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 43
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
15 Thu May 2025 33.64 32.00 to 33.64 4.99% 4.43 times
14 Wed May 2025 32.04 32.04 to 32.04 4.98% 0.35 times
13 Tue May 2025 30.52 29.42 to 30.52 4.99% 0.82 times
12 Mon May 2025 29.07 28.26 to 29.07 4.98% 0.94 times
09 Fri May 2025 27.69 27.06 to 28.38 -2.81% 0.88 times
08 Thu May 2025 28.49 27.55 to 29.13 2.67% 1.37 times
07 Wed May 2025 27.75 27.34 to 29.00 -3.58% 1.15 times
06 Tue May 2025 28.78 28.78 to 31.00 -5.02% 0.99 times
05 Mon May 2025 30.30 30.01 to 30.95 0.76% 0.64 times
02 Fri May 2025 30.07 29.21 to 31.00 -0.99% 1.03 times
30 Wed Apr 2025 30.37 30.30 to 32.89 -4.77% 1.83 times
29 Tue Apr 2025 31.89 30.53 to 31.89 4.97% 0.5 times

Technical analysis forecast of Essar Shipping Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Essar Shipping Limited ESSARSHPNG at this time. Stock is rising and might rise more.

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

Stock of Essar Shipping Limited (ESSARSHPNG) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Essar Shipping Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Essar Shipping Limited stays above 33.3, but if it comes below 33.3, then a intra day sell could be more profitable.
If you take a sell trade below 33.3, then use 33.3 as stoploss and 31.23 as target. However if you take a buy trade in Essar Shipping Limited, then use 33.3 as stoploss and 35.8 as target.

More indepth analysis on MunafaSutra.com