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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 2024-10-25 View latest technical analysis

10 day averaged volume of Thermax is 41213

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	5431.15	5188.95	5450.00	5159.15	7.056 times
24 Thu Oct 2024	5183.85	5052.00	5218.00	4980.05	0.838 times
23 Wed Oct 2024	5044.55	5090.00	5115.40	4960.95	1.817 times
22 Tue Oct 2024	5120.40	5150.00	5150.00	5000.95	0.956 times
21 Mon Oct 2024	5149.35	5198.50	5202.90	5102.60	0.7 times
18 Fri Oct 2024	5198.60	5050.00	5220.45	5040.05	0.82 times
17 Thu Oct 2024	5108.70	5220.00	5288.95	5086.45	0.771 times
16 Wed Oct 2024	5221.10	5133.75	5240.00	5127.05	1.635 times
15 Tue Oct 2024	5129.20	5137.70	5194.70	5089.60	0.645 times
14 Mon Oct 2024	5116.25	5155.25	5198.00	5080.00	1.011 times

Stock of Thermax (THERMAX) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 5347.6, for a target of 5233.6 or 5138.57

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
Downside Target	5288.95
Downside Target	5318.15
Upside Target	5450.00
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	5111.4
Downside Intraday Target	4791.65
Upside Intraday Target	5600.45
Upside Intraday Target	5769.75
Downside Intraday Target	5280.7

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	5431.15	5198.50	5450.00	4960.95	2.329 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Thermax (THERMAX)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	5431.15	5100.20	5450.00	4809.00	0.413 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Strong and stock is gaining 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 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Thermax is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5265 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.