Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-01-19 View latest technical analysis

10 day averaged volume of Thermax is 47373

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	3075.65	3089.00	3125.00	3060.00	0.554 times
18 Thu Jan 2024	3073.90	3074.95	3105.00	3001.50	0.61 times
17 Wed Jan 2024	3088.60	3154.90	3154.90	3065.65	0.581 times
16 Tue Jan 2024	3154.90	3181.70	3199.05	3074.20	1.437 times
15 Mon Jan 2024	3173.80	3200.05	3220.00	3132.05	0.916 times
12 Fri Jan 2024	3213.95	3222.00	3260.70	3195.85	1.242 times
11 Thu Jan 2024	3206.20	3190.05	3247.10	3190.05	0.578 times
10 Wed Jan 2024	3191.70	3180.00	3218.40	3172.15	0.71 times
09 Tue Jan 2024	3189.65	3206.60	3251.95	3180.00	0.948 times
08 Mon Jan 2024	3199.60	3225.00	3254.00	3180.00	1.154 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3075.7, but if it comes above 3075.7, then a intra day buy could be more profitable.
If you take a sell trade below 3075.7, then use 3075.7 as stoploss and 3003.5 as target. However if you take a buy trade in stock , then use 3075.7 as stoploss and 3135.78 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2500.25
Downside Target	2559.00
Downside Target	2702.15
Downside Target	2823.00
Downside Target	2987.35
Upside Target	3144.95
Upside Target	3172.15
Upside Target	3176.95
Upside Target	3220.00
Upside Target	3230.00
Upside Target	3260.70
Upside Target	3268.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	2978.1
Downside Intraday Target	2880.55
Upside Intraday Target	3196.6
Upside Intraday Target	3317.55
Upside Intraday Target	3099.05

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	3075.65	3200.05	3220.00	3001.50	0.884 times
12 Fri Jan 2024	3213.95	3225.00	3260.70	3172.15	0.49 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

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
19 Fri Jan 2024	3075.65	3099.70	3268.00	3001.50	0.246 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 losing 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Thermax in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 3166.26 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.