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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 2024-02-05 View latest technical analysis

10 day averaged volume of Thermax is 39644

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	3124.85	3104.50	3162.90	3058.45	0.836 times
02 Fri Feb 2024	3094.85	3138.00	3160.95	3049.55	0.969 times
01 Thu Feb 2024	3136.20	3197.70	3209.95	3103.20	0.734 times
31 Wed Jan 2024	3181.25	3095.00	3228.00	3085.55	2.214 times
30 Tue Jan 2024	3083.40	3112.00	3165.00	3046.60	1.156 times
29 Mon Jan 2024	3106.70	3130.70	3151.00	3090.35	0.691 times
25 Thu Jan 2024	3115.10	3040.00	3145.00	3032.00	1.986 times
24 Wed Jan 2024	3028.75	2994.00	3059.00	2977.00	0.657 times
23 Tue Jan 2024	2993.40	3073.00	3094.50	2987.00	0.576 times
22 Mon Jan 2024	3058.95	3090.00	3120.00	3030.00	0.354 times

My analysis of stock is bullish for shortterm, and stock might move up till 3186.1 or till 3259.9. Use a stoploss of 3124.57 and if this stock hits its stoploss, then it can fall down till 3063.07

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2500.25
Downside Target	2559.00
Downside Target	2755.30
Downside Target	2977.00
Upside Target	3145.00
Upside Target	3172.15
Upside Target	3209.95
Upside Target	3220.00
Upside Target	3228.00
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	3067.9
Downside Intraday Target	3010.95
Upside Intraday Target	3172.35
Upside Intraday Target	3219.85
Downside Intraday Target	3115.4

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	3124.85	3104.50	3162.90	3058.45	0.145 times
02 Fri Feb 2024	3094.85	3130.70	3228.00	3046.60	1.614 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

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
05 Mon Feb 2024	3124.85	3197.70	3209.95	3049.55	0.086 times
31 Wed Jan 2024	3181.25	3099.70	3268.00	2977.00	0.332 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 3111.3 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.