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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 2024-12-10 View latest technical analysis

10 day averaged volume of Thermax is 79640

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	4643.20	4684.65	4789.85	4615.00	1.353 times
09 Mon Dec 2024	4641.65	4676.05	4688.95	4614.75	1.109 times
06 Fri Dec 2024	4655.00	4716.00	4724.85	4640.00	0.554 times
05 Thu Dec 2024	4715.90	4774.95	4774.95	4638.85	0.98 times
04 Wed Dec 2024	4732.20	4822.15	4842.25	4686.05	0.759 times
03 Tue Dec 2024	4822.15	4686.30	4844.00	4680.00	1.365 times
02 Mon Dec 2024	4682.55	4596.50	4714.95	4555.00	0.885 times
29 Fri Nov 2024	4590.10	4550.00	4620.10	4449.00	1.222 times
28 Thu Nov 2024	4575.00	4645.00	4696.45	4551.15	0.726 times
27 Wed Nov 2024	4611.35	4624.90	4674.95	4550.00	0.949 times

My analysis of stock is bearish for shortterm, and stock might move down till 4507.6 or till 4256.2. Use a stoploss of 4716.98 and if the stock hits stoploss, then it can shoot up till 4926.41

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4555.00
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	4575.35
Downside Intraday Target	4507.5
Upside Intraday Target	4750.45
Upside Intraday Target	4857.7
Upside Intraday Target	4682.6

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	4643.20	4676.05	4789.85	4614.75	0.542 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
10 Tue Dec 2024	4643.20	4596.50	4844.00	4555.00	0.273 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing 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 moving up

CCI has generated a buy signal for Thermax in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 4671.28 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.