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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 2025-02-05 View latest technical analysis

10 day averaged volume of Thermax is 120931

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Feb 2025	3345.05	3456.00	3500.00	3325.00	2.63 times
04 Tue Feb 2025	3542.05	3650.15	3689.95	3456.00	2.312 times
03 Mon Feb 2025	3575.75	3790.05	3790.05	3529.95	2.512 times
31 Fri Jan 2025	3863.60	3692.75	3992.60	3648.05	0.758 times
30 Thu Jan 2025	3683.25	3760.95	3767.65	3662.85	0.386 times
29 Wed Jan 2025	3760.95	3632.40	3799.90	3620.20	0.851 times
28 Tue Jan 2025	3632.40	3580.10	3674.50	3460.10	0.572 times
27 Mon Jan 2025	3595.55	3714.00	3714.00	3550.10	0.416 times
24 Fri Jan 2025	3722.10	3802.05	3835.00	3690.10	0.398 times
23 Thu Jan 2025	3802.05	3727.85	3827.95	3702.10	0.823 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 3378.1, for a target of 3586.1 or 3759.52

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	3325.00
Upside Target	3460.10
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	3183.35
Downside Intraday Target	3021.65
Upside Intraday Target	3648.4
Upside Intraday Target	3951.75
Upside Intraday Target	3486.7

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Feb 2025	3345.05	3790.05	3790.05	3325.00	2.499 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
05 Wed Feb 2025	3345.05	3790.05	3790.05	3325.00	0.32 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 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 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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Thermax in short term and the sell signal is strong.

Thermax Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 3577.27 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.