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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 2024-01-09 View latest technical analysis

10 day averaged volume of Thermax is 100979

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	3189.65	3206.60	3251.95	3180.00	0.445 times
08 Mon Jan 2024	3199.60	3225.00	3254.00	3180.00	0.542 times
05 Fri Jan 2024	3209.85	3203.00	3268.00	3174.30	0.856 times
04 Thu Jan 2024	3187.75	3190.00	3221.95	3154.30	0.948 times
03 Wed Jan 2024	3174.35	3095.00	3246.10	3082.05	2.085 times
02 Tue Jan 2024	3095.80	3091.00	3120.00	3055.55	0.362 times
01 Mon Jan 2024	3091.40	3099.70	3115.00	3069.65	0.187 times
29 Fri Dec 2023	3081.50	3080.80	3143.90	3070.70	0.772 times
28 Thu Dec 2023	3090.80	3030.05	3138.65	3020.40	2.21 times
27 Wed Dec 2023	3008.35	3100.00	3100.00	2987.35	0.642 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3183.7, but if it comes below 3183.7, then a intra day sell could be more profitable.
If you take a sell trade below 3183.7, then use 3183.7 as stoploss and 3024.46 as target. However if you take a buy trade in stock , then use 3183.7 as stoploss and 3374.8 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2500.25
Downside Target	2559.00
Downside Target	2646.75
Downside Target	2702.15
Downside Target	2823.00
Downside Target	2987.35
Downside Target	3144.95
Downside Target	3176.95
Downside Target	3180.00
Upside Target	3230.00
Upside Target	3254.00
Upside Target	3268.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	3161.77
Downside Intraday Target	3133.88
Upside Intraday Target	3235.77
Upside Intraday Target	3281.88
Upside Intraday Target	3207.88

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	3189.65	3225.00	3254.00	3180.00	0.222 times
05 Fri Jan 2024	3209.85	3099.70	3268.00	3055.55	0.884 times
29 Fri Dec 2023	3081.50	3144.95	3144.95	2987.35	0.432 times
22 Fri Dec 2023	3143.70	2823.00	3167.80	2823.00	1.52 times
15 Fri Dec 2023	2821.70	2715.00	2834.70	2646.75	0.961 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
09 Tue Jan 2024	3189.65	3099.70	3268.00	3055.55	0.156 times
29 Fri Dec 2023	3081.50	2559.00	3167.80	2559.00	1.286 times
30 Thu Nov 2023	2535.00	2831.70	3025.00	2500.25	1.975 times
31 Tue Oct 2023	2831.70	3110.40	3230.00	2755.30	1.077 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 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 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 BUY signal for Thermax in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Thermax Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

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

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 3136.4 and Thermax (THERMAX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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.