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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 2024-10-30 View latest technical analysis

10 day averaged volume of Thermax is 91923

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	4977.90	5117.65	5222.50	4920.20	1.148 times
29 Tue Oct 2024	5117.65	5344.00	5412.00	5090.00	1.022 times
28 Mon Oct 2024	5319.15	5429.95	5719.00	5282.55	2.436 times
25 Fri Oct 2024	5431.15	5188.95	5450.00	5159.15	3.164 times
24 Thu Oct 2024	5183.85	5052.00	5218.00	4980.05	0.376 times
23 Wed Oct 2024	5044.55	5090.00	5115.40	4960.95	0.815 times
22 Tue Oct 2024	5120.40	5150.00	5150.00	5000.95	0.429 times
21 Mon Oct 2024	5149.35	5198.50	5202.90	5102.60	0.314 times
18 Fri Oct 2024	5198.60	5050.00	5220.45	5040.05	0.368 times
17 Thu Oct 2024	5108.70	5220.00	5288.95	5086.45	0.346 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5031.5, but if it comes above 5031.5, then a intra day buy could be more profitable.
If you take a sell trade below 5031.5, then use 5031.5 as stoploss and 4902.1 as target. However if you take a buy trade in stock , then use 5031.5 as stoploss and 5139.32 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	4920.20
Upside Target	5215.05
Upside 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	4692.4
Downside Intraday Target	4406.9
Upside Intraday Target	5491.2
Upside Intraday Target	6004.5
Upside Intraday Target	5205.7

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	4977.90	5429.95	5719.00	4920.20	0.904 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
30 Wed Oct 2024	4977.90	5100.20	5719.00	4809.00	0.565 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 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 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 short to mid 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 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 losing momentum.

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

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 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 5244.91 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 negative.

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