Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-12-20 View latest technical analysis

10 day averaged volume of Thermax is 72108

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	4653.35	4650.70	4808.05	4482.55	5.46 times
19 Thu Dec 2024	4650.70	4600.10	4686.45	4600.00	0.516 times
18 Wed Dec 2024	4746.75	4817.65	4847.70	4711.65	0.84 times
17 Tue Dec 2024	4797.80	4926.25	4989.00	4782.60	1.62 times
16 Mon Dec 2024	4904.85	4836.70	4919.35	4782.30	1.054 times
13 Fri Dec 2024	4790.95	4760.00	4836.70	4686.70	0.922 times
12 Thu Dec 2024	4777.55	4787.65	4796.95	4725.00	0.878 times
11 Wed Dec 2024	4751.70	4682.55	4774.00	4622.50	0.84 times
10 Tue Dec 2024	4643.20	4684.65	4789.85	4615.00	1.494 times
09 Mon Dec 2024	4641.65	4676.05	4688.95	4614.75	1.225 times

Stock of Thermax (THERMAX) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 4590.7 or till 4470.1. Use a stoploss of 4691.26 and if the stock hits stoploss, then it can shoot up till 4791.78

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4482.55
Upside Target	4809.00
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	4427.6
Downside Intraday Target	4201.85
Upside Intraday Target	4934.05
Upside Intraday Target	5214.75
Upside Intraday Target	4708.3

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	4653.35	4836.70	4989.00	4482.55	1.771 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 down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Thermax (THERMAX)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	4653.35	4596.50	4989.00	4482.55	0.701 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 to mid 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 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.

Thermax Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 but BUY signal is weak.

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 4711.61 and Thermax (THERMAX) stock is trading below this level. This means that stock is falling with high volumes. 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.