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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 2024-10-28 View latest technical analysis

10 day averaged volume of Thermax is 66964

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	5319.15	5429.95	5719.00	5282.55	3.344 times
25 Fri Oct 2024	5431.15	5188.95	5450.00	5159.15	4.343 times
24 Thu Oct 2024	5183.85	5052.00	5218.00	4980.05	0.516 times
23 Wed Oct 2024	5044.55	5090.00	5115.40	4960.95	1.118 times
22 Tue Oct 2024	5120.40	5150.00	5150.00	5000.95	0.589 times
21 Mon Oct 2024	5149.35	5198.50	5202.90	5102.60	0.431 times
18 Fri Oct 2024	5198.60	5050.00	5220.45	5040.05	0.505 times
17 Thu Oct 2024	5108.70	5220.00	5288.95	5086.45	0.474 times
16 Wed Oct 2024	5221.10	5133.75	5240.00	5127.05	1.007 times
15 Tue Oct 2024	5129.20	5137.70	5194.70	5089.60	0.397 times

Stock of Thermax (THERMAX) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5246.6, but if it comes below 5246.6, then a intra day sell could be more profitable.
If you take a sell trade below 5246.6, then use 5246.6 as stoploss and 5144.49 as target. However if you take a buy trade in stock , then use 5246.6 as stoploss and 5369.1 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
Downside Target	5215.05
Downside Target	5318.15
Upside Target	5450.00
Upside Target	5575.05
Upside Target	5699.95
Upside Target	5719.00
Upside Target	5839.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	5161.47
Downside Intraday Target	5003.78
Upside Intraday Target	5597.92
Upside Intraday Target	5876.68
Upside Intraday Target	5440.23

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	5319.15	5429.95	5719.00	5282.55	0.478 times
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

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
28 Mon Oct 2024	5319.15	5100.20	5719.00	4809.00	0.493 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 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 5286.51 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.