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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 2025-01-21 View latest technical analysis

10 day averaged volume of Thermax is 142120

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	3899.05	3963.05	3972.85	3862.45	0.813 times
20 Mon Jan 2025	3963.05	3964.00	4048.75	3901.65	0.725 times
17 Fri Jan 2025	3964.00	4038.45	4246.80	3906.45	1.799 times
16 Thu Jan 2025	4045.15	4001.00	4087.45	3805.00	2.139 times
15 Wed Jan 2025	4014.90	3794.40	4180.00	3747.60	1.519 times
14 Tue Jan 2025	3736.00	3635.80	3815.00	3635.80	0.905 times
13 Mon Jan 2025	3635.80	3767.35	3811.50	3613.05	0.726 times
10 Fri Jan 2025	3767.35	3900.25	3924.00	3720.00	1.073 times
09 Thu Jan 2025	3900.25	4000.00	4003.95	3876.65	0.344 times
08 Wed Jan 2025	3982.30	4133.40	4133.40	3970.00	0.363 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3814.2 as stoploss in an intra day buy trade for a target of 4027.48. However, stock will show a bearish move below 3814.2.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	3613.05
Downside Target	3720.00
Downside Target	3815.00
Upside Target	4048.75
Upside Target	4220.25
Upside Target	4409.95
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	3824.75
Downside Intraday Target	3750.45
Upside Intraday Target	4011.05
Upside Intraday Target	4123.05
Upside Intraday Target	3936.75

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	3899.05	3964.00	4048.75	3862.45	0.217 times
17 Fri Jan 2025	3964.00	3767.35	4246.80	3613.05	2.615 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

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
21 Tue Jan 2025	3899.05	4061.65	4316.95	3613.05	1.04 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 down 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 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 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 neutral. A longer time frame might give a better analysis.

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 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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 3918.47 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.