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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.

10 day averaged volume of Thermax is 195432

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	4544.95	4602.65	4750.00	4510.30	1.479 times
22 Mon Apr 2024	4602.65	4849.00	4978.90	4573.90	1.157 times
19 Fri Apr 2024	4811.90	4742.70	4877.00	4717.55	1.703 times
18 Thu Apr 2024	4742.70	4693.00	4780.00	4641.05	1.02 times
16 Tue Apr 2024	4672.05	4730.00	4809.90	4642.45	0.694 times
15 Mon Apr 2024	4709.05	4544.60	4875.00	4450.00	2.389 times
12 Fri Apr 2024	4544.60	4503.00	4573.85	4503.00	0.392 times
10 Wed Apr 2024	4544.15	4602.50	4609.60	4521.50	0.331 times
09 Tue Apr 2024	4559.95	4590.95	4680.25	4535.05	0.554 times
08 Mon Apr 2024	4543.25	4554.55	4685.50	4500.00	0.797 times

My analysis of stock is bullish for shortterm, and stock might move up till 4688.9 or till 5001.9. Use a stoploss of 4428.13 and if this stock hits its stoploss, then it can fall down till 4167.32

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2559.00
Downside Target	2977.00
Downside Target	3049.55
Downside Target	3167.80
Downside Target	3268.00
Downside Target	3408.95
Downside Target	3894.95
Downside Target	4210.10
Downside Target	4450.00
Upside Target	4639.90
Upside Target	4685.50
Upside Target	4877.00
Upside Target	4978.90

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4377.2
Downside Intraday Target	4209.45
Upside Intraday Target	4845.8
Upside Intraday Target	5146.65
Upside Intraday Target	4678.05

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	4544.95	4849.00	4978.90	4510.30	0.454 times
19 Fri Apr 2024	4811.90	4544.60	4877.00	4450.00	2.799 times
12 Fri Apr 2024	4544.60	4554.55	4685.50	4500.00	0.475 times
05 Fri Apr 2024	4518.45	4210.10	4639.90	4210.10	1.814 times
28 Thu Mar 2024	4192.35	3920.00	4288.65	3899.00	0.712 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
23 Tue Apr 2024	4544.95	4210.10	4978.90	4210.10	1.135 times
28 Thu Mar 2024	4192.35	3637.25	4288.65	3408.95	0.979 times
29 Thu Feb 2024	3637.25	3197.70	3894.95	3049.55	2.249 times
31 Wed Jan 2024	3181.25	3099.70	3268.00	2977.00	0.332 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 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 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 BUY. Signal strength is Strong 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 above 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 BUY signal in short term and the buying is gaining 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 4660 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 is giving positive 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.