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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 2024-09-26 View latest technical analysis

10 day averaged volume of Thermax is 197051

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	5279.45	5220.00	5295.00	5180.10	0.407 times
25 Wed Sep 2024	5199.25	5300.75	5314.00	5190.00	0.382 times
24 Tue Sep 2024	5300.75	5299.00	5370.10	5139.70	0.548 times
23 Mon Sep 2024	5234.20	5394.95	5460.00	5213.50	0.438 times
20 Fri Sep 2024	5345.55	5205.00	5575.05	5027.10	0.887 times
19 Thu Sep 2024	5207.35	5201.50	5288.00	5067.50	0.534 times
18 Wed Sep 2024	5220.55	5234.95	5269.25	5154.10	0.528 times
17 Tue Sep 2024	5230.35	5046.00	5250.00	4991.25	1.911 times
16 Mon Sep 2024	5003.90	4829.00	5085.00	4767.05	2.25 times
13 Fri Sep 2024	4730.55	4689.00	4892.00	4675.00	1.53 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5199.1, but if it comes below 5199.1, then a intra day sell could be more profitable.
If you take a sell trade below 5199.1, then use 5199.1 as stoploss and 4782.16 as target. However if you take a buy trade in stock , then use 5199.1 as stoploss and 5699.4 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
Downside 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	5126.1
Downside Intraday Target	4972.75
Upside Intraday Target	5446.4
Upside Intraday Target	5613.35
Upside Intraday Target	5293.05

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	5279.45	5394.95	5460.00	5139.70	0.29 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
26 Thu Sep 2024	5279.45	4393.30	5575.05	4265.00	0.918 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 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 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 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 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 5109.12 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.