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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 2024-01-25 View latest technical analysis

10 day averaged volume of Thermax is 34325

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	3115.10	3040.00	3145.00	3032.00	2.293 times
24 Wed Jan 2024	3028.75	2994.00	3059.00	2977.00	0.759 times
23 Tue Jan 2024	2993.40	3073.00	3094.50	2987.00	0.665 times
22 Mon Jan 2024	3058.95	3090.00	3120.00	3030.00	0.408 times
19 Fri Jan 2024	3075.65	3089.00	3125.00	3060.00	0.765 times
18 Thu Jan 2024	3073.90	3074.95	3105.00	3001.50	0.841 times
17 Wed Jan 2024	3088.60	3154.90	3154.90	3065.65	0.801 times
16 Tue Jan 2024	3154.90	3181.70	3199.05	3074.20	1.983 times
15 Mon Jan 2024	3173.80	3200.05	3220.00	3132.05	1.264 times
12 Fri Jan 2024	3213.95	3222.00	3260.70	3195.85	1.714 times

Stock of Thermax (THERMAX) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 3064.6 or till 2985.7. Use a stoploss of 3130.24 and if the stock hits stoploss, then it can shoot up till 3195.92

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2500.25
Downside Target	2559.00
Downside Target	2702.15
Downside Target	2977.00
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	3013.07
Downside Intraday Target	2911.03
Upside Intraday Target	3181.07
Upside Intraday Target	3247.03
Downside Intraday Target	3079.03

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	3115.10	3090.00	3145.00	2977.00	0.73 times
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

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
25 Thu Jan 2024	3115.10	3099.70	3268.00	2977.00	0.286 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Thermax ( (THERMAX) ) based on a short to mid 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Thermax in short term but the sell signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 3120.94 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.