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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 2025-01-31 View latest technical analysis

10 day averaged volume of Thermax is 100860

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	3863.60	3692.75	3992.60	3648.05	0.908 times
30 Thu Jan 2025	3683.25	3760.95	3767.65	3662.85	0.463 times
29 Wed Jan 2025	3760.95	3632.40	3799.90	3620.20	1.02 times
28 Tue Jan 2025	3632.40	3580.10	3674.50	3460.10	0.686 times
27 Mon Jan 2025	3595.55	3714.00	3714.00	3550.10	0.499 times
24 Fri Jan 2025	3722.10	3802.05	3835.00	3690.10	0.478 times
23 Thu Jan 2025	3802.05	3727.85	3827.95	3702.10	0.987 times
22 Wed Jan 2025	3742.15	3899.05	3917.80	3705.05	1.165 times
21 Tue Jan 2025	3899.05	3963.05	3972.85	3862.45	1.146 times
20 Mon Jan 2025	3963.05	3964.00	4048.75	3901.65	1.022 times

My analysis of stock is bullish for shortterm, and stock might move up till 4007.8 or till 4199.6. Use a stoploss of 3848.04 and if this stock hits its stoploss, then it can fall down till 3688.23

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	3460.10
Downside Target	3613.05
Downside Target	3690.10
Downside Target	3815.00
Upside Target	3992.60
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	3551.6
Downside Intraday Target	3239.6
Upside Intraday Target	4084.1
Upside Intraday Target	4304.6
Downside Intraday Target	3772.1

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	3863.60	3714.00	3992.60	3460.10	0.746 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 up 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
31 Fri Jan 2025	3863.60	4061.65	4316.95	3460.10	1.337 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 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 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Thermax in short term and BUY 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

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 3790.97 and Thermax (THERMAX) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.