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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 2024-04-10 View latest technical analysis

10 day averaged volume of Thermax is 158702

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	4544.15	4602.50	4609.60	4521.50	0.408 times
09 Tue Apr 2024	4559.95	4590.95	4680.25	4535.05	0.682 times
08 Mon Apr 2024	4543.25	4554.55	4685.50	4500.00	0.982 times
05 Fri Apr 2024	4518.45	4538.15	4639.90	4489.45	1.186 times
04 Thu Apr 2024	4508.35	4500.00	4581.65	4419.05	1.296 times
03 Wed Apr 2024	4432.80	4370.00	4499.00	4281.20	1.778 times
02 Tue Apr 2024	4299.80	4302.25	4385.00	4253.95	0.445 times
01 Mon Apr 2024	4288.15	4210.10	4395.00	4210.10	0.669 times
28 Thu Mar 2024	4192.35	4190.00	4288.65	4151.20	0.544 times
27 Wed Mar 2024	4187.05	4097.00	4208.00	4035.50	0.579 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4442.3, but if it comes below 4442.3, then a intra day sell could be more profitable.
If you take a sell trade below 4442.3, then use 4442.3 as stoploss and 4062.29 as target. However if you take a buy trade in stock , then use 4442.3 as stoploss and 4898.3 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2559.00
Downside Target	2977.00
Downside Target	3049.55
Downside Target	3167.80
Downside Target	3268.00
Downside Target	3408.95
Downside Target	3762.00
Downside Target	3894.95
Downside Target	3985.00
Downside Target	4210.10
Downside Target	4288.65
Downside Target	4500.00
Upside Target	4639.90
Upside Target	4685.50

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4467.6
Downside Intraday Target	4391.05
Upside Intraday Target	4653.1
Upside Intraday Target	4762.05
Upside Intraday Target	4576.55

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	4544.15	4554.55	4685.50	4500.00	0.385 times
05 Fri Apr 2024	4518.45	4210.10	4639.90	4210.10	1.814 times
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

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
10 Wed Apr 2024	4544.15	4210.10	4685.50	4210.10	0.461 times
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

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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Thermax in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4434.1 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.