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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 2024-10-01 View latest technical analysis

10 day averaged volume of Thermax is 124020

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	5098.80	5100.20	5148.70	5055.55	0.27 times
30 Mon Sep 2024	5100.20	5186.90	5186.90	5086.10	0.665 times
27 Fri Sep 2024	5200.70	5345.85	5345.85	5151.35	0.385 times
26 Thu Sep 2024	5279.45	5220.00	5295.00	5180.10	0.646 times
25 Wed Sep 2024	5199.25	5300.75	5314.00	5190.00	0.606 times
24 Tue Sep 2024	5300.75	5299.00	5370.10	5139.70	0.87 times
23 Mon Sep 2024	5234.20	5394.95	5460.00	5213.50	0.695 times
20 Fri Sep 2024	5345.55	5205.00	5575.05	5027.10	1.409 times
19 Thu Sep 2024	5207.35	5201.50	5288.00	5067.50	0.848 times
18 Wed Sep 2024	5220.55	5234.95	5269.25	5154.10	0.838 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 5289.6 as stoploss in an intra day sell trade for a target of 4895.14. However, stock will show a bullish move above 5289.6.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4447.85
Downside Target	4767.05
Downside Target	5055.55
Upside Target	5186.90
Upside Target	5215.05
Upside Target	5460.00
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	5040.6
Downside Intraday Target	4982.4
Upside Intraday Target	5171.95
Upside Intraday Target	5245.1
Upside Intraday Target	5113.75

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	5098.80	5186.90	5186.90	5055.55	0.292 times
27 Fri Sep 2024	5200.70	5394.95	5460.00	5139.70	0.33 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

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
01 Tue Oct 2024	5098.80	5100.20	5148.70	5055.55	0.012 times
30 Mon Sep 2024	5100.20	4393.30	5575.05	4265.00	0.963 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

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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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.

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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 5241.15 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 positive

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