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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 2024-01-29 View latest technical analysis

10 day averaged volume of Thermax is 39456

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	3106.70	3130.70	3151.00	3090.35	0.695 times
25 Thu Jan 2024	3115.10	3040.00	3145.00	3032.00	1.995 times
24 Wed Jan 2024	3028.75	2994.00	3059.00	2977.00	0.66 times
23 Tue Jan 2024	2993.40	3073.00	3094.50	2987.00	0.579 times
22 Mon Jan 2024	3058.95	3090.00	3120.00	3030.00	0.355 times
19 Fri Jan 2024	3075.65	3089.00	3125.00	3060.00	0.666 times
18 Thu Jan 2024	3073.90	3074.95	3105.00	3001.50	0.732 times
17 Wed Jan 2024	3088.60	3154.90	3154.90	3065.65	0.697 times
16 Tue Jan 2024	3154.90	3181.70	3199.05	3074.20	1.725 times
15 Mon Jan 2024	3173.80	3200.05	3220.00	3132.05	1.099 times

My analysis of stock is bearish for shortterm, and stock might move down till 3066.5 or till 2988.6. Use a stoploss of 3131.5 and if the stock hits stoploss, then it can shoot up till 3196.47

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	3167.80
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	3081.03
Downside Intraday Target	3055.37
Upside Intraday Target	3141.68
Upside Intraday Target	3176.67
Upside Intraday Target	3116.02

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	3106.70	3130.70	3151.00	3090.35	0.194 times
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

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
29 Mon Jan 2024	3106.70	3099.70	3268.00	2977.00	0.294 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 gaining 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 weakening, and bulls 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 buy signal for Thermax in short term and BUY 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 3104.79 and Thermax (THERMAX) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.