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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 2024-11-25 View latest technical analysis

10 day averaged volume of Thermax is 101947

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	4448.55	4505.00	4586.35	4357.00	4.558 times
22 Fri Nov 2024	4488.70	4368.75	4535.00	4329.00	1.481 times
21 Thu Nov 2024	4368.75	4550.00	4585.45	4311.15	2.882 times
19 Tue Nov 2024	4632.55	4872.55	4880.00	4601.00	1.203 times
18 Mon Nov 2024	4859.45	5100.00	5165.70	4780.00	0.934 times
14 Thu Nov 2024	5003.85	4998.90	5119.70	4893.00	1.227 times
13 Wed Nov 2024	4908.10	5105.20	5107.70	4888.35	0.402 times
12 Tue Nov 2024	5111.70	5280.00	5355.00	5095.00	0.703 times
11 Mon Nov 2024	5214.95	5108.95	5287.95	5086.50	0.573 times
08 Fri Nov 2024	5131.00	5086.00	5187.35	5067.05	0.302 times

Stock of Thermax (THERMAX) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 4354, for a target of 4681.5 or 4954.34

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Upside Target	4586.35
Upside Target	4801.55
Upside Target	5165.70
Upside Target	5215.05
Upside Target	5355.00
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	4341.58
Downside Intraday Target	4234.62
Upside Intraday Target	4570.93
Upside Intraday Target	4693.32
Upside Intraday Target	4463.97

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	4448.55	4505.00	4586.35	4357.00	0.701 times
22 Fri Nov 2024	4488.70	5100.00	5165.70	4311.15	2.238 times
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

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
25 Mon Nov 2024	4448.55	4992.65	5355.00	4311.15	1.004 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 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Thermax in short term and the sell signal is strong.

Thermax Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 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 4617.63 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.