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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 2024-11-14 View latest technical analysis

10 day averaged volume of Thermax is 55355

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	5003.85	4998.90	5119.70	4893.00	2.26 times
13 Wed Nov 2024	4908.10	5105.20	5107.70	4888.35	0.74 times
12 Tue Nov 2024	5111.70	5280.00	5355.00	5095.00	1.294 times
11 Mon Nov 2024	5214.95	5108.95	5287.95	5086.50	1.055 times
08 Fri Nov 2024	5131.00	5086.00	5187.35	5067.05	0.557 times
07 Thu Nov 2024	5101.70	5103.45	5163.80	5085.00	0.541 times
06 Wed Nov 2024	5085.95	5040.00	5124.70	5019.10	1.938 times
05 Tue Nov 2024	5011.20	4952.15	5037.80	4901.30	0.952 times
04 Mon Nov 2024	4952.15	4936.00	5049.95	4915.55	0.819 times
01 Fri Nov 2024	4996.95	4992.65	5012.75	4952.50	0.122 times

Stock of Thermax (THERMAX) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 4971.4 as stoploss in an intra day buy trade for a target of 5099.28. However, stock will show a bearish move below 4971.4.

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	4809.8
Downside Intraday Target	4615.75
Upside Intraday Target	5276.45
Upside Intraday Target	5549.05
Upside Intraday Target	5082.4

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	5003.85	5108.95	5355.00	4888.35	1.113 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
14 Thu Nov 2024	5003.85	4992.65	5355.00	4888.35	0.337 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Thermax ( (THERMAX) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 moving up

CCI has generated a buy signal for Thermax in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 5056.21 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 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.