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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 2025-01-22 View latest technical analysis

10 day averaged volume of Thermax is 147893

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed Jan 2025	3742.15	3899.05	3917.80	3705.05	0.794 times
21 Tue Jan 2025	3899.05	3963.05	3972.85	3862.45	0.782 times
20 Mon Jan 2025	3963.05	3964.00	4048.75	3901.65	0.697 times
17 Fri Jan 2025	3964.00	4038.45	4246.80	3906.45	1.728 times
16 Thu Jan 2025	4045.15	4001.00	4087.45	3805.00	2.055 times
15 Wed Jan 2025	4014.90	3794.40	4180.00	3747.60	1.46 times
14 Tue Jan 2025	3736.00	3635.80	3815.00	3635.80	0.87 times
13 Mon Jan 2025	3635.80	3767.35	3811.50	3613.05	0.698 times
10 Fri Jan 2025	3767.35	3900.25	3924.00	3720.00	1.031 times
09 Thu Jan 2025	3900.25	4000.00	4003.95	3876.65	0.33 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3793.2, but if it comes above 3793.2, then a intra day buy could be more profitable.
If you take a sell trade below 3793.2, then use 3793.2 as stoploss and 3554 as target. However if you take a buy trade in stock , then use 3793.2 as stoploss and 3992.46 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	3613.05
Downside Target	3705.05
Upside 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	3615.22
Downside Intraday Target	3488.28
Upside Intraday Target	3958.92
Upside Intraday Target	4175.68
Upside Intraday Target	3831.98

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed Jan 2025	3742.15	3964.00	4048.75	3705.05	0.334 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
22 Wed Jan 2025	3742.15	4061.65	4316.95	3613.05	1.096 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 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 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 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 SELL. 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 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 getting stronger in this stock.

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 and SELL 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

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 3902.93 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.