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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 2025-01-16 View latest technical analysis

10 day averaged volume of Thermax is 134085

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	4045.15	4001.00	4087.45	3805.00	2.267 times
15 Wed Jan 2025	4014.90	3794.40	4180.00	3747.60	1.61 times
14 Tue Jan 2025	3736.00	3635.80	3815.00	3635.80	0.96 times
13 Mon Jan 2025	3635.80	3767.35	3811.50	3613.05	0.77 times
10 Fri Jan 2025	3767.35	3900.25	3924.00	3720.00	1.138 times
09 Thu Jan 2025	3900.25	4000.00	4003.95	3876.65	0.364 times
08 Wed Jan 2025	3982.30	4133.40	4133.40	3970.00	0.385 times
07 Tue Jan 2025	4097.40	4181.85	4204.80	4081.55	0.432 times
06 Mon Jan 2025	4153.55	4197.00	4220.25	4134.90	0.554 times
03 Fri Jan 2025	4139.70	4098.70	4316.95	4090.00	2.567 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 3834.6 or till 3481.5. Use a stoploss of 4128.81 and if the stock hits stoploss, then it can shoot up till 4423.04

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	3613.05
Downside Target	3720.00
Downside Target	3815.00
Upside Target	4180.00
Upside Target	4482.55
Upside Target	4670.95
Upside Target	4809.00
Upside Target	4989.00
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	3712.13
Downside Intraday Target	3379.12
Upside Intraday Target	4279.08
Upside Intraday Target	4513.02
Downside Intraday Target	3946.07

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	4045.15	3767.35	4180.00	3613.05	1.952 times
10 Fri Jan 2025	3767.35	4197.00	4220.25	3720.00	0.349 times
03 Fri Jan 2025	4139.70	4400.00	4409.95	3815.00	7.198 times
27 Fri Dec 2024	4386.25	4654.00	4670.95	4361.90	0.224 times
20 Fri Dec 2024	4653.35	4836.70	4989.00	4482.55	1.771 times

Price has moved up 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
16 Thu Jan 2025	4045.15	4061.65	4316.95	3613.05	0.816 times
31 Tue Dec 2024	4039.75	4596.50	4989.00	3815.00	1.032 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

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 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 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 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 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. Bears are weakening, and bulls 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 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

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 3979.23 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 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.