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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 2024-12-13 View latest technical analysis

10 day averaged volume of Thermax is 77899

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	4790.95	4760.00	4836.70	4686.70	0.853 times
12 Thu Dec 2024	4777.55	4787.65	4796.95	4725.00	0.813 times
11 Wed Dec 2024	4751.70	4682.55	4774.00	4622.50	0.778 times
10 Tue Dec 2024	4643.20	4684.65	4789.85	4615.00	1.383 times
09 Mon Dec 2024	4641.65	4676.05	4688.95	4614.75	1.134 times
06 Fri Dec 2024	4655.00	4716.00	4724.85	4640.00	0.566 times
05 Thu Dec 2024	4715.90	4774.95	4774.95	4638.85	1.001 times
04 Wed Dec 2024	4732.20	4822.15	4842.25	4686.05	0.776 times
03 Tue Dec 2024	4822.15	4686.30	4844.00	4680.00	1.395 times
02 Mon Dec 2024	4682.55	4596.50	4714.95	4555.00	0.905 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 4813.6 as stoploss in an intra day sell trade for a target of 4671.26. However, stock will show a bullish move above 4813.6.

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	4658.23
Downside Intraday Target	4525.52
Upside Intraday Target	4880.18
Upside Intraday Target	4969.42
Downside Intraday Target	4747.47

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	4790.95	4676.05	4836.70	4614.75	1.068 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 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
13 Fri Dec 2024	4790.95	4596.50	4844.00	4555.00	0.366 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Thermax ( (THERMAX) ) based on a short to mid 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 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 in or above 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 SELL signal in short term and selling is picking up 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 4721.47 and Thermax (THERMAX) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.