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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 2024-10-16 View latest technical analysis

10 day averaged volume of Thermax is 55479

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	5221.10	5133.75	5240.00	5127.05	1.215 times
15 Tue Oct 2024	5129.20	5137.70	5194.70	5089.60	0.479 times
14 Mon Oct 2024	5116.25	5155.25	5198.00	5080.00	0.751 times
11 Fri Oct 2024	5155.25	5065.00	5178.80	5049.05	0.6 times
10 Thu Oct 2024	5057.90	5229.95	5242.20	5025.00	0.767 times
09 Wed Oct 2024	5170.85	5159.95	5318.15	5101.05	0.797 times
08 Tue Oct 2024	5085.30	5090.00	5230.00	4946.30	2.073 times
07 Mon Oct 2024	5087.55	5189.95	5192.55	4991.45	0.948 times
04 Fri Oct 2024	5193.25	4910.05	5261.90	4809.00	2.118 times
03 Thu Oct 2024	4918.35	5080.00	5140.00	4880.70	0.865 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 5260.2 as stoploss in an intra day sell trade for a target of 5166.09. However, stock will show a bullish move above 5260.2.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4767.05
Downside Target	4930.80
Downside Target	5080.00
Upside Target	5318.15
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	5120.73
Downside Intraday Target	5020.37
Upside Intraday Target	5280.73
Upside Intraday Target	5340.37
Downside Intraday Target	5180.37

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	5221.10	5155.25	5240.00	5080.00	0.471 times
11 Fri Oct 2024	5155.25	5189.95	5318.15	4946.30	1.022 times
04 Fri Oct 2024	5193.25	5186.90	5261.90	4809.00	0.708 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

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
16 Wed Oct 2024	5221.10	5100.20	5318.15	4809.00	0.222 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 to mid 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 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 Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Thermax Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 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 5121.56 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.