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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 2025-02-04 View latest technical analysis

10 day averaged volume of Thermax is 104531

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	3542.05	3650.15	3689.95	3456.00	2.675 times
03 Mon Feb 2025	3575.75	3790.05	3790.05	3529.95	2.906 times
31 Fri Jan 2025	3863.60	3692.75	3992.60	3648.05	0.877 times
30 Thu Jan 2025	3683.25	3760.95	3767.65	3662.85	0.446 times
29 Wed Jan 2025	3760.95	3632.40	3799.90	3620.20	0.985 times
28 Tue Jan 2025	3632.40	3580.10	3674.50	3460.10	0.662 times
27 Mon Jan 2025	3595.55	3714.00	3714.00	3550.10	0.482 times
24 Fri Jan 2025	3722.10	3802.05	3835.00	3690.10	0.461 times
23 Thu Jan 2025	3802.05	3727.85	3827.95	3702.10	0.953 times
22 Wed Jan 2025	3742.15	3899.05	3917.80	3705.05	1.124 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 3639.9, but if it comes above 3639.9, then a intra day buy could be more profitable.
If you take a sell trade below 3639.9, then use 3639.9 as stoploss and 3458.2 as target. However if you take a buy trade in stock , then use 3639.9 as stoploss and 3791.39 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	3456.00
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	3402.02
Downside Intraday Target	3261.98
Upside Intraday Target	3736.07
Upside Intraday Target	3930.08
Upside Intraday Target	3596.03

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	3542.05	3790.05	3790.05	3456.00	1.617 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Thermax (THERMAX)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	3542.05	3790.05	3790.05	3456.00	0.207 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 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 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 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 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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 3654.37 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.