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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 2025-02-03 View latest technical analysis

10 day averaged volume of Thermax is 84462

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Feb 2025	3575.75	3790.05	3790.05	3529.95	3.596 times
31 Fri Jan 2025	3863.60	3692.75	3992.60	3648.05	1.085 times
30 Thu Jan 2025	3683.25	3760.95	3767.65	3662.85	0.552 times
29 Wed Jan 2025	3760.95	3632.40	3799.90	3620.20	1.218 times
28 Tue Jan 2025	3632.40	3580.10	3674.50	3460.10	0.819 times
27 Mon Jan 2025	3595.55	3714.00	3714.00	3550.10	0.596 times
24 Fri Jan 2025	3722.10	3802.05	3835.00	3690.10	0.57 times
23 Thu Jan 2025	3802.05	3727.85	3827.95	3702.10	1.179 times
22 Wed Jan 2025	3742.15	3899.05	3917.80	3705.05	1.391 times
21 Tue Jan 2025	3899.05	3963.05	3972.85	3862.45	1.369 times

Stock of Thermax (THERMAX) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3665.1, but if it comes above 3665.1, then a intra day buy could be more profitable.
If you take a sell trade below 3665.1, then use 3665.1 as stoploss and 3480.1 as target. However if you take a buy trade in stock , then use 3665.1 as stoploss and 3819.15 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	3460.10
Downside Target	3529.95
Upside Target	3613.05
Upside Target	3690.10
Upside Target	3992.60
Upside Target	4220.25
Upside Target	4246.80
Upside Target	4311.15
Upside Target	4316.95
Upside Target	4809.00
Upside Target	4989.00
Upside Target	5355.00
Upside Target	5719.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	3473.78
Downside Intraday Target	3371.82
Upside Intraday Target	3733.88
Upside Intraday Target	3892.02
Upside Intraday Target	3631.92

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Feb 2025	3575.75	3790.05	3790.05	3529.95	0.842 times
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

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
03 Mon Feb 2025	3575.75	3790.05	3790.05	3529.95	0.108 times
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

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 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 to mid 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 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.

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 3711.47 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.