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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 2025-06-20 View latest technical analysis

10 day averaged volume of Thermax is 114333

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Jun 2025	3423.10	3535.80	3547.70	3354.00	4.375 times
19 Thu Jun 2025	3535.80	3527.40	3620.00	3509.50	1.233 times
18 Wed Jun 2025	3508.80	3474.60	3527.20	3441.00	0.339 times
17 Tue Jun 2025	3474.60	3532.00	3554.70	3461.00	0.281 times
16 Mon Jun 2025	3531.50	3532.70	3570.00	3473.60	0.364 times
13 Fri Jun 2025	3550.80	3488.10	3591.90	3462.30	0.429 times
12 Thu Jun 2025	3570.60	3552.00	3606.00	3535.00	0.65 times
11 Wed Jun 2025	3550.60	3571.70	3659.90	3534.90	2.301 times
10 Tue Jun 2025	3557.00	3598.00	3598.00	3544.70	0.812 times
09 Mon Jun 2025	3562.60	3563.90	3604.70	3520.80	3.263 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 3438.6, but if it comes above 3438.6, then a intra day buy could be more profitable.
If you take a sell trade below 3438.6, then use 3438.6 as stoploss and 3370.4 as target. However if you take a buy trade in stock , then use 3438.6 as stoploss and 3495.52 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2950.05
Downside Target	3011.95
Downside Target	3085.70
Downside Target	3354.00
Upside Target	3443.90
Upside Target	3564.80
Upside Target	3631.30
Upside Target	3659.90
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	3311.4
Downside Intraday Target	3199.7
Upside Intraday Target	3577.4
Upside Intraday Target	3731.7
Upside Intraday Target	3465.7

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Jun 2025	3423.10	3532.70	3620.00	3354.00	0.884 times
13 Fri Jun 2025	3550.80	3563.90	3659.90	3462.30	1.398 times
06 Fri Jun 2025	3532.40	3415.20	3566.60	3364.10	1.293 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

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
20 Fri Jun 2025	3423.10	3415.20	3659.90	3354.00	0.928 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 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Thermax stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Thermax in short term but the sell 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 green color and prices are in or below the green 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 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 3510.65 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.