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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 2025-06-03 View latest technical analysis

10 day averaged volume of Thermax is 95610

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Jun 2025	3390.30	3460.00	3470.00	3364.10	0.609 times
02 Mon Jun 2025	3448.70	3415.20	3475.00	3405.10	0.715 times
30 Fri May 2025	3388.20	3429.40	3468.50	3355.00	1.959 times
29 Thu May 2025	3418.40	3535.00	3535.00	3395.00	0.934 times
28 Wed May 2025	3485.70	3474.00	3505.50	3458.50	0.672 times
27 Tue May 2025	3451.70	3497.90	3499.50	3435.00	0.816 times
26 Mon May 2025	3483.20	3564.80	3564.80	3471.00	0.551 times
23 Fri May 2025	3548.00	3618.00	3618.00	3531.10	0.509 times
22 Thu May 2025	3597.00	3560.00	3631.30	3529.00	1.479 times
21 Wed May 2025	3542.80	3518.80	3574.00	3502.30	1 times

My analysis of stock is bearish for shortterm, and stock might move down till 3303.1 or till 3169.5. Use a stoploss of 3414.43 and if the stock hits stoploss, then it can shoot up till 3525.78

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2950.05
Downside Target	3011.95
Downside Target	3085.70
Downside Target	3232.10
Downside Target	3298.40
Upside Target	3443.90
Upside Target	3489.70
Upside Target	3564.80
Upside Target	3631.30
Upside Target	3728.50
Upside Target	3790.05
Upside Target	3950.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	3344.6
Downside Intraday Target	3298.9
Upside Intraday Target	3455.5
Upside Intraday Target	3520.7
Upside Intraday Target	3409.8

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Jun 2025	3390.30	3415.20	3475.00	3364.10	0.269 times
30 Fri May 2025	3388.20	3564.80	3564.80	3355.00	0.739 times
23 Fri May 2025	3548.00	3450.00	3631.30	3443.90	0.645 times
16 Fri May 2025	3426.60	3402.50	3489.70	3232.10	4.324 times
09 Fri May 2025	3239.10	3261.30	3298.40	3085.70	0.695 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
03 Tue Jun 2025	3390.30	3415.20	3475.00	3364.10	0.053 times
30 Fri May 2025	3388.20	3284.90	3631.30	3085.70	1.21 times
30 Wed Apr 2025	3291.30	3635.00	3728.50	3011.95	0.663 times
28 Fri Mar 2025	3654.10	3263.05	3950.00	3125.80	0.849 times

Scroll below to view daily charts

Price has moved up 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 SELL signal for Thermax in short term but the sell signal is initial and weak.

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 BUY signal in short term but buying 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 3473.36 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.