Is Essar Shipping technically bullish or bearish?

Sep 19 2025 08:06 AM IST
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As of September 18, 2025, Essar Shipping's technical trend has shifted to a bearish stance, supported by bearish signals from the MACD, KST, and moving averages, despite a mildly bullish indication from Dow Theory.
As of 18 September 2025, the technical trend for Essar Shipping has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance include the weekly MACD and KST both showing bearish signals, along with daily moving averages confirming a bearish outlook. The Bollinger Bands and OBV are also indicating mildly bearish conditions on both weekly and monthly time frames. Despite a mildly bullish signal from Dow Theory on the weekly chart, the overall trend remains bearish.
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