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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 2024-11-13 View latest technical analysis

10 day averaged volume of Thermax is 61810

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	4908.10	5105.20	5107.70	4888.35	0.663 times
12 Tue Nov 2024	5111.70	5280.00	5355.00	5095.00	1.159 times
11 Mon Nov 2024	5214.95	5108.95	5287.95	5086.50	0.945 times
08 Fri Nov 2024	5131.00	5086.00	5187.35	5067.05	0.499 times
07 Thu Nov 2024	5101.70	5103.45	5163.80	5085.00	0.484 times
06 Wed Nov 2024	5085.95	5040.00	5124.70	5019.10	1.736 times
05 Tue Nov 2024	5011.20	4952.15	5037.80	4901.30	0.852 times
04 Mon Nov 2024	4952.15	4936.00	5049.95	4915.55	0.733 times
01 Fri Nov 2024	4996.95	4992.65	5012.75	4952.50	0.109 times
31 Thu Oct 2024	4925.45	4967.00	5107.45	4902.05	1.776 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4978.5, but if it comes above 4978.5, then a intra day buy could be more profitable.
If you take a sell trade below 4978.5, then use 4978.5 as stoploss and 4827.4 as target. However if you take a buy trade in stock , then use 4978.5 as stoploss and 5104.52 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	5187.35
Upside Target	5288.95
Upside Target	5355.00
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	4745.97
Downside Intraday Target	4583.83
Upside Intraday Target	5212.62
Upside Intraday Target	5517.13
Upside Intraday Target	5050.48

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	4908.10	5108.95	5355.00	4888.35	0.643 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 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
13 Wed Nov 2024	4908.10	4992.65	5355.00	4888.35	0.263 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 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 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 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 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 SELL signal in short term and selling is picking up 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 5042.11 and Thermax (THERMAX) stock is trading below this level. This means that stock is falling with high volumes. 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 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.