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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 2024-11-04 View latest technical analysis

10 day averaged volume of Thermax is 100830

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	4952.15	4936.00	5049.95	4915.55	0.449 times
01 Fri Nov 2024	4996.95	4992.65	5012.75	4952.50	0.067 times
31 Thu Oct 2024	4925.45	4967.00	5107.45	4902.05	1.089 times
30 Wed Oct 2024	4977.90	5117.65	5222.50	4920.20	1.046 times
29 Tue Oct 2024	5117.65	5344.00	5412.00	5090.00	0.931 times
28 Mon Oct 2024	5319.15	5429.95	5719.00	5282.55	2.221 times
25 Fri Oct 2024	5431.15	5188.95	5450.00	5159.15	2.884 times
24 Thu Oct 2024	5183.85	5052.00	5218.00	4980.05	0.342 times
23 Wed Oct 2024	5044.55	5090.00	5115.40	4960.95	0.743 times
22 Tue Oct 2024	5120.40	5150.00	5150.00	5000.95	0.391 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5006.1, but if it comes above 5006.1, then a intra day buy could be more profitable.
If you take a sell trade below 5006.1, then use 5006.1 as stoploss and 4865.7 as target. However if you take a buy trade in stock , then use 5006.1 as stoploss and 5123.09 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4801.55
Upside Target	5215.05
Upside Target	5288.95
Upside Target	5318.15
Upside Target	5450.00
Upside Target	5575.05
Upside Target	5719.00
Upside Target	5839.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4895.15
Downside Intraday Target	4838.15
Upside Intraday Target	5029.55
Upside Intraday Target	5106.95
Upside Intraday Target	4972.55

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	4952.15	4936.00	5049.95	4915.55	0.084 times
01 Fri Nov 2024	4996.95	5429.95	5719.00	4902.05	1.152 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

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
04 Mon Nov 2024	4952.15	4992.65	5049.95	4915.55	0.031 times
31 Thu Oct 2024	4925.45	5100.20	5719.00	4809.00	0.604 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

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 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 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.

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 and the buying is gaining 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 5204.55 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.