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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 2024-12-04 View latest technical analysis

10 day averaged volume of Thermax is 155770

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	4732.20	4822.15	4842.25	4686.05	0.388 times
03 Tue Dec 2024	4822.15	4686.30	4844.00	4680.00	0.698 times
02 Mon Dec 2024	4682.55	4596.50	4714.95	4555.00	0.452 times
29 Fri Nov 2024	4590.10	4550.00	4620.10	4449.00	0.625 times
28 Thu Nov 2024	4575.00	4645.00	4696.45	4551.15	0.371 times
27 Wed Nov 2024	4611.35	4624.90	4674.95	4550.00	0.485 times
26 Tue Nov 2024	4633.95	4453.15	4670.00	4448.55	0.743 times
25 Mon Nov 2024	4448.55	4505.00	4586.35	4357.00	2.983 times
22 Fri Nov 2024	4488.70	4368.75	4535.00	4329.00	0.969 times
21 Thu Nov 2024	4368.75	4550.00	4585.45	4311.15	1.886 times

My analysis of stock is bearish for shortterm, and stock might move down till 4549.3 or till 4247.6. Use a stoploss of 4800.69 and if the stock hits stoploss, then it can shoot up till 5052.11

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4555.00
Downside Target	4696.45
Upside Target	4809.00
Upside Target	5165.70
Upside Target	5187.35
Upside Target	5215.05
Upside Target	5355.00
Upside Target	5575.05
Upside Target	5719.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4576.8
Downside Intraday Target	4421.4
Upside Intraday Target	4865.8
Upside Intraday Target	4999.4
Downside Intraday Target	4710.4

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	4732.20	4596.50	4844.00	4555.00	0.295 times
29 Fri Nov 2024	4590.10	4505.00	4696.45	4357.00	1.224 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

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
04 Wed Dec 2024	4732.20	4596.50	4844.00	4555.00	0.117 times
29 Fri Nov 2024	4590.10	4992.65	5355.00	4311.15	1.209 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

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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Thermax in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Thermax Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Thermax in short term but SELL 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

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 4523.24 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 is giving positive 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.