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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 2024-09-02 View latest technical analysis

10 day averaged volume of Thermax is 111810

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	4384.70	4393.30	4404.40	4353.00	0.602 times
30 Fri Aug 2024	4372.80	4370.00	4447.20	4330.00	1.583 times
29 Thu Aug 2024	4360.00	4465.20	4469.35	4337.15	0.418 times
28 Wed Aug 2024	4446.20	4494.00	4494.00	4390.00	1.127 times
27 Tue Aug 2024	4439.20	4435.65	4500.00	4425.90	1.671 times
26 Mon Aug 2024	4435.65	4465.05	4494.95	4332.55	0.806 times
23 Fri Aug 2024	4481.05	4566.00	4630.00	4461.35	0.867 times
22 Thu Aug 2024	4568.70	4500.00	4596.65	4500.00	1.527 times
21 Wed Aug 2024	4497.50	4356.60	4550.00	4356.60	1.043 times
20 Tue Aug 2024	4376.95	4332.15	4410.25	4290.60	0.408 times

My analysis of stock is bearish for shortterm, and stock might move down till 4322.2 or till 4227.4. Use a stoploss of 4401.23 and if the stock hits stoploss, then it can shoot up till 4480.25

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4288.80
Upside Target	4500.00
Upside Target	4630.00
Upside Target	4801.55
Upside Target	4923.90
Upside Target	4930.80
Upside Target	5215.05
Upside Target	5569.00
Upside Target	5699.95
Upside Target	5839.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4357
Downside Intraday Target	4329.3
Upside Intraday Target	4408.4
Upside Intraday Target	4432.1
Downside Intraday Target	4380.7

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	4384.70	4393.30	4404.40	4353.00	0.107 times
30 Fri Aug 2024	4372.80	4465.05	4500.00	4330.00	1.275 times
23 Fri Aug 2024	4481.05	4448.85	4630.00	4288.80	0.62 times
16 Fri Aug 2024	4377.00	4357.00	4435.00	4171.35	1.264 times
09 Fri Aug 2024	4356.40	4900.00	4923.90	4301.05	1.149 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
02 Mon Sep 2024	4384.70	4393.30	4404.40	4353.00	0.023 times
30 Fri Aug 2024	4372.80	5082.80	5215.05	4171.35	1.051 times
31 Wed Jul 2024	5071.80	5368.10	5839.95	4801.55	0.708 times
28 Fri Jun 2024	5351.00	5640.00	5699.95	4930.80	0.315 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Thermax ( (THERMAX) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Thermax ( (THERMAX) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a BUY signal for Thermax in short term but the buy signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Thermax in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 4449.49 and Thermax (THERMAX) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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