Is ESSAR SHIPPING in uptrend or downtrend?

In the short term price movements in ESSARSHPNG share indicates the market is Sideways. However, the bulls are trying to absorb supply to take control.

What is ESSAR SHIPPING share price forecast for tomorrow?

In Essar Shipping Limited stock current resistance level is at 27 and support level is at 24. Though market is closer to support level there are good chances till these ranges are broken, market would stay Sideways.

What are ESSAR SHIPPING support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Essar Shipping Limited in the short-term, the supply zone around 27 and 30. Hence, good chances of resistance around 30. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Essar Shipping Limited share is around 24 and 20. Hence, good chances for support around 20.

Why is ESSAR SHIPPING share price falling today?

Perhaps ESSARSHPNG stock is just having volatility. It can be viewed as an opportunity, unless overall long term trend and mid term trend is Bearish.

ESSAR SHIPPING Share Price | Forecast Analysis

Analyzing Market Data

Analyzing Market Data