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(THERMAX) Thermax complete technical analysis [charts+indicators] | Buy/Sell Thermax | (THERMAX) share price targets

Complete technical analysis of Thermax (THERMAX) by charts plus indicators, forecast predictions and share price targets for Thermax (THERMAX)

Thermax trades in NSE in Heavy Electrical Equipment sector.

Showing technical analysis as on 2024-03-28 View latest technical analysis

10 day averaged volume of Thermax is 182748

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	4192.35	4190.00	4288.65	4151.20	0.472 times
27 Wed Mar 2024	4187.05	4097.00	4208.00	4035.50	0.503 times
26 Tue Mar 2024	4101.75	3920.00	4147.00	3899.00	1.598 times
22 Fri Mar 2024	3898.85	3859.95	3952.05	3841.70	0.573 times
21 Thu Mar 2024	3859.85	3700.90	3985.00	3666.45	1.425 times
20 Wed Mar 2024	3685.10	3594.95	3731.95	3583.60	0.494 times
19 Tue Mar 2024	3594.40	3714.90	3714.90	3571.15	0.392 times
18 Mon Mar 2024	3690.50	3484.90	3725.00	3408.95	0.731 times
15 Fri Mar 2024	3484.05	3610.00	3615.00	3450.00	2.636 times
14 Thu Mar 2024	3609.75	3607.05	3640.00	3571.90	0.53 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 4173.6, for a target of 3934.2 or 3734.64

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2500.25
Downside Target	2559.00
Downside Target	2977.00
Downside Target	3167.80
Downside Target	3268.00
Downside Target	3408.95
Downside Target	3519.10
Downside Target	3739.90
Downside Target	3894.95
Downside Target	3899.00
Downside Target	3985.00
Upside Target	4288.65

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	3964.68
Downside Intraday Target	3737.02
Upside Intraday Target	4354.33
Upside Intraday Target	4516.32
Downside Intraday Target	4126.67

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	4192.35	3920.00	4288.65	3899.00	0.712 times
22 Fri Mar 2024	3898.85	3484.90	3985.00	3408.95	0.677 times
15 Fri Mar 2024	3484.05	3669.90	3762.00	3431.60	4.204 times
07 Thu Mar 2024	3641.70	3666.35	3739.90	3551.00	0.281 times
02 Sat Mar 2024	3666.60	3754.85	3894.95	3519.10	1.014 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Thermax (THERMAX)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	4192.35	3637.25	4288.65	3408.95	0.979 times
29 Thu Feb 2024	3637.25	3197.70	3894.95	3049.55	2.249 times
31 Wed Jan 2024	3181.25	3099.70	3268.00	2977.00	0.332 times
29 Fri Dec 2023	3081.50	2559.00	3167.80	2559.00	1.286 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Thermax (THERMAX)

Price action analysis of Thermax ( (THERMAX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Thermax ( (THERMAX) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Thermax ( (THERMAX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Thermax stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Thermax in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Thermax Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Thermax in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Thermax is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 3784.27 and Thermax (THERMAX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Thermax (THERMAX) stock. Volume based technical analysis of Thermax (THERMAX) stock is negative.

Thermax Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.