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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 2024-12-09 View latest technical analysis

10 day averaged volume of Thermax is 117275

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	4641.65	4676.05	4688.95	4614.75	0.753 times
06 Fri Dec 2024	4655.00	4716.00	4724.85	4640.00	0.376 times
05 Thu Dec 2024	4715.90	4774.95	4774.95	4638.85	0.665 times
04 Wed Dec 2024	4732.20	4822.15	4842.25	4686.05	0.515 times
03 Tue Dec 2024	4822.15	4686.30	4844.00	4680.00	0.927 times
02 Mon Dec 2024	4682.55	4596.50	4714.95	4555.00	0.601 times
29 Fri Nov 2024	4590.10	4550.00	4620.10	4449.00	0.83 times
28 Thu Nov 2024	4575.00	4645.00	4696.45	4551.15	0.493 times
27 Wed Nov 2024	4611.35	4624.90	4674.95	4550.00	0.645 times
26 Tue Nov 2024	4633.95	4453.15	4670.00	4448.55	0.986 times

My analysis of stock is bearish for shortterm, and stock might move down till 4514.3 or till 4241.8. Use a stoploss of 4741.37 and if the stock hits stoploss, then it can shoot up till 4968.45

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4555.00
Upside Target	4809.00
Upside Target	4844.00
Upside Target	4888.35
Upside Target	5165.70
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	4607.95
Downside Intraday Target	4574.25
Upside Intraday Target	4682.15
Upside Intraday Target	4722.65
Upside Intraday Target	4648.45

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	4641.65	4676.05	4688.95	4614.75	0.244 times
06 Fri Dec 2024	4655.00	4596.50	4844.00	4555.00	0.446 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

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
09 Mon Dec 2024	4641.65	4596.50	4844.00	4555.00	0.22 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 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 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 SELL. 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 SELL signal for Thermax in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 4669.65 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.