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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 2024-09-25 View latest technical analysis

10 day averaged volume of Thermax is 199164

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	5199.25	5300.75	5314.00	5190.00	0.378 times
24 Tue Sep 2024	5300.75	5299.00	5370.10	5139.70	0.542 times
23 Mon Sep 2024	5234.20	5394.95	5460.00	5213.50	0.433 times
20 Fri Sep 2024	5345.55	5205.00	5575.05	5027.10	0.878 times
19 Thu Sep 2024	5207.35	5201.50	5288.00	5067.50	0.528 times
18 Wed Sep 2024	5220.55	5234.95	5269.25	5154.10	0.522 times
17 Tue Sep 2024	5230.35	5046.00	5250.00	4991.25	1.891 times
16 Mon Sep 2024	5003.90	4829.00	5085.00	4767.05	2.226 times
13 Fri Sep 2024	4730.55	4689.00	4892.00	4675.00	1.514 times
12 Thu Sep 2024	4640.60	4450.05	4689.35	4450.05	0.983 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5146.4, but if it comes below 5146.4, then a intra day sell could be more profitable.
If you take a sell trade below 5146.4, then use 5146.4 as stoploss and 4736.18 as target. However if you take a buy trade in stock , then use 5146.4 as stoploss and 5638.6 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4767.05
Downside Target	5139.70
Upside Target	5215.05
Upside Target	5460.00
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	5072.63
Downside Intraday Target	4946.02
Upside Intraday Target	5392.93
Upside Intraday Target	5586.62
Upside Intraday Target	5266.32

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	5199.25	5394.95	5460.00	5139.70	0.224 times
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

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
25 Wed Sep 2024	5199.25	4393.30	5575.05	4265.00	0.89 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 neutral. A longer time frame might give a better analysis.

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 but buying 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 5055.65 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.