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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 2024-12-17 View latest technical analysis

10 day averaged volume of Thermax is 75362

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	4797.80	4926.25	4989.00	4782.60	1.55 times
16 Mon Dec 2024	4904.85	4836.70	4919.35	4782.30	1.008 times
13 Fri Dec 2024	4790.95	4760.00	4836.70	4686.70	0.882 times
12 Thu Dec 2024	4777.55	4787.65	4796.95	4725.00	0.84 times
11 Wed Dec 2024	4751.70	4682.55	4774.00	4622.50	0.804 times
10 Tue Dec 2024	4643.20	4684.65	4789.85	4615.00	1.43 times
09 Mon Dec 2024	4641.65	4676.05	4688.95	4614.75	1.172 times
06 Fri Dec 2024	4655.00	4716.00	4724.85	4640.00	0.585 times
05 Thu Dec 2024	4715.90	4774.95	4774.95	4638.85	1.035 times
04 Wed Dec 2024	4732.20	4822.15	4842.25	4686.05	0.802 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4791.4, but if it comes below 4791.4, then a intra day sell could be more profitable.
If you take a sell trade below 4791.4, then use 4791.4 as stoploss and 4663.22 as target. However if you take a buy trade in stock , then use 4791.4 as stoploss and 4945.3 as target.

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	4989.00
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	4723.73
Downside Intraday Target	4649.67
Upside Intraday Target	4930.43
Upside Intraday Target	5063.07
Upside Intraday Target	4856.37

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	4797.80	4836.70	4989.00	4782.30	0.499 times
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

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
17 Tue Dec 2024	4797.80	4596.50	4989.00	4555.00	0.461 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 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 Strong 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 4740.71 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 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.