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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 2024-09-05 View latest technical analysis

10 day averaged volume of Thermax is 106190

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	4279.45	4345.70	4345.70	4265.00	0.567 times
04 Wed Sep 2024	4326.95	4359.00	4372.45	4290.00	0.494 times
03 Tue Sep 2024	4382.45	4389.00	4447.85	4353.00	0.451 times
02 Mon Sep 2024	4384.70	4393.30	4404.40	4353.00	0.634 times
30 Fri Aug 2024	4372.80	4370.00	4447.20	4330.00	1.667 times
29 Thu Aug 2024	4360.00	4465.20	4469.35	4337.15	0.44 times
28 Wed Aug 2024	4446.20	4494.00	4494.00	4390.00	1.186 times
27 Tue Aug 2024	4439.20	4435.65	4500.00	4425.90	1.76 times
26 Mon Aug 2024	4435.65	4465.05	4494.95	4332.55	0.848 times
23 Fri Aug 2024	4481.05	4566.00	4630.00	4461.35	0.913 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4305.6, but if it comes above 4305.6, then a intra day buy could be more profitable.
If you take a sell trade below 4305.6, then use 4305.6 as stoploss and 4214.6 as target. However if you take a buy trade in stock , then use 4305.6 as stoploss and 4381.48 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
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	4213.68
Downside Intraday Target	4147.92
Upside Intraday Target	4396.53
Upside Intraday Target	4513.62
Upside Intraday Target	4330.77

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	4279.45	4393.30	4447.85	4265.00	0.363 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 down 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
05 Thu Sep 2024	4279.45	4393.30	4447.85	4265.00	0.078 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 down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 gaining momentum.

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

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 coming down

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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 4404.81 and Thermax (THERMAX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Thermax Stock has given negative 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.