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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 2025-01-30 View latest technical analysis

10 day averaged volume of Thermax is 126588

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	3683.25	3760.95	3767.65	3662.85	0.369 times
29 Wed Jan 2025	3760.95	3632.40	3799.90	3620.20	0.813 times
28 Tue Jan 2025	3632.40	3580.10	3674.50	3460.10	0.547 times
27 Mon Jan 2025	3595.55	3714.00	3714.00	3550.10	0.398 times
24 Fri Jan 2025	3722.10	3802.05	3835.00	3690.10	0.381 times
23 Thu Jan 2025	3802.05	3727.85	3827.95	3702.10	0.787 times
22 Wed Jan 2025	3742.15	3899.05	3917.80	3705.05	0.928 times
21 Tue Jan 2025	3899.05	3963.05	3972.85	3862.45	0.913 times
20 Mon Jan 2025	3963.05	3964.00	4048.75	3901.65	0.814 times
17 Fri Jan 2025	3964.00	4038.45	4246.80	3906.45	2.019 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3689.8, but if it comes above 3689.8, then a intra day buy could be more profitable.
If you take a sell trade below 3689.8, then use 3689.8 as stoploss and 3483.4 as target. However if you take a buy trade in stock , then use 3689.8 as stoploss and 3861.85 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	3460.10
Downside Target	3613.05
Upside Target	3690.10
Upside Target	3799.90
Upside Target	4048.75
Upside Target	4220.25
Upside Target	4316.95
Upside Target	4409.95
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	3495.6
Downside Intraday Target	3307.95
Upside Intraday Target	3835.4
Upside Intraday Target	3987.55
Downside Intraday Target	3647.75

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	3683.25	3714.00	3799.90	3460.10	0.556 times
24 Fri Jan 2025	3722.10	3964.00	4048.75	3690.10	0.48 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

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
30 Thu Jan 2025	3683.25	4061.65	4316.95	3460.10	1.294 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 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 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 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.

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 LOWS in short term which reflects strong selling momentum. 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 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 but selling is losing 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 3828.22 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.