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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 2024-11-11 View latest technical analysis

10 day averaged volume of Thermax is 80589

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	5214.95	5108.95	5287.95	5086.50	0.725 times
08 Fri Nov 2024	5131.00	5086.00	5187.35	5067.05	0.383 times
07 Thu Nov 2024	5101.70	5103.45	5163.80	5085.00	0.371 times
06 Wed Nov 2024	5085.95	5040.00	5124.70	5019.10	1.331 times
05 Tue Nov 2024	5011.20	4952.15	5037.80	4901.30	0.654 times
04 Mon Nov 2024	4952.15	4936.00	5049.95	4915.55	0.562 times
01 Fri Nov 2024	4996.95	4992.65	5012.75	4952.50	0.084 times
31 Thu Oct 2024	4925.45	4967.00	5107.45	4902.05	1.362 times
30 Wed Oct 2024	4977.90	5117.65	5222.50	4920.20	1.309 times
29 Tue Oct 2024	5117.65	5344.00	5412.00	5090.00	1.165 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 5241 as stoploss in an intra day sell trade for a target of 5121.05. However, stock will show a bullish move above 5241.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4801.55
Upside Target	5287.95
Upside Target	5288.95
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	5104.98
Downside Intraday Target	4995.02
Upside Intraday Target	5306.43
Upside Intraday Target	5397.92
Downside Intraday Target	5196.47

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	5214.95	5108.95	5287.95	5086.50	0.219 times
08 Fri Nov 2024	5131.00	4936.00	5187.35	4901.30	0.493 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

Price has moved up 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
11 Mon Nov 2024	5214.95	4992.65	5287.95	4901.30	0.196 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 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 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 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. Bears are weakening, and bulls are picking up momentum!

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 5043.4 and Thermax (THERMAX) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.