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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 2024-09-20 View latest technical analysis

10 day averaged volume of Thermax is 191554

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	5345.55	5205.00	5575.05	5027.10	0.912 times
19 Thu Sep 2024	5207.35	5201.50	5288.00	5067.50	0.549 times
18 Wed Sep 2024	5220.55	5234.95	5269.25	5154.10	0.543 times
17 Tue Sep 2024	5230.35	5046.00	5250.00	4991.25	1.966 times
16 Mon Sep 2024	5003.90	4829.00	5085.00	4767.05	2.315 times
13 Fri Sep 2024	4730.55	4689.00	4892.00	4675.00	1.574 times
12 Thu Sep 2024	4640.60	4450.05	4689.35	4450.05	1.022 times
11 Wed Sep 2024	4469.95	4415.00	4498.85	4377.10	0.503 times
10 Tue Sep 2024	4380.25	4318.00	4390.00	4295.30	0.277 times
09 Mon Sep 2024	4323.65	4330.40	4404.00	4280.10	0.92 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 5401.9, for a target of 4973 or 4615.53

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4630.00
Downside Target	4767.05
Downside Target	4892.00
Downside Target	4930.80
Downside Target	5215.05
Upside Target	5569.00
Upside Target	5575.05
Upside Target	5699.95
Upside Target	5839.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4883.38
Downside Intraday Target	4421.22
Upside Intraday Target	5691.38
Upside Intraday Target	6037.22
Downside Intraday Target	5229.22

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	5345.55	4829.00	5575.05	4767.05	1.463 times
13 Fri Sep 2024	4730.55	4330.40	4892.00	4280.10	2.826 times
06 Fri Sep 2024	4330.40	4393.30	4447.85	4265.00	0.465 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

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
20 Fri Sep 2024	5345.55	4393.30	5575.05	4265.00	0.798 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 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 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 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 tired and bears are picking up momentum.

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 and the buying is gaining 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 4920.47 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.