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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 2024-10-23 View latest technical analysis

10 day averaged volume of Thermax is 38949

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	5044.55	5090.00	5115.40	4960.95	1.922 times
22 Tue Oct 2024	5120.40	5150.00	5150.00	5000.95	1.012 times
21 Mon Oct 2024	5149.35	5198.50	5202.90	5102.60	0.74 times
18 Fri Oct 2024	5198.60	5050.00	5220.45	5040.05	0.867 times
17 Thu Oct 2024	5108.70	5220.00	5288.95	5086.45	0.816 times
16 Wed Oct 2024	5221.10	5133.75	5240.00	5127.05	1.73 times
15 Tue Oct 2024	5129.20	5137.70	5194.70	5089.60	0.682 times
14 Mon Oct 2024	5116.25	5155.25	5198.00	5080.00	1.07 times
11 Fri Oct 2024	5155.25	5065.00	5178.80	5049.05	0.855 times
10 Thu Oct 2024	5057.90	5229.95	5242.20	5025.00	1.092 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5055.8, but if it comes above 5055.8, then a intra day buy could be more profitable.
If you take a sell trade below 5055.8, then use 5055.8 as stoploss and 4964.6 as target. However if you take a buy trade in stock , then use 5055.8 as stoploss and 5131.75 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4801.55
Downside Target	4930.80
Upside Target	5261.90
Upside Target	5288.95
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	4936.03
Downside Intraday Target	4827.52
Upside Intraday Target	5177.98
Upside Intraday Target	5311.42
Upside Intraday Target	5069.47

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	5044.55	5198.50	5202.90	4960.95	0.711 times
18 Fri Oct 2024	5198.60	5155.25	5288.95	5040.05	0.699 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

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
23 Wed Oct 2024	5044.55	5100.20	5318.15	4809.00	0.297 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 SELL. 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.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 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 5127.01 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.