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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 2024-02-08 View latest technical analysis

10 day averaged volume of Thermax is 56822

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	3208.75	3339.45	3508.55	3151.05	5.352 times
07 Wed Feb 2024	3285.15	3330.00	3330.00	3209.00	1.508 times
06 Tue Feb 2024	3240.15	3129.90	3288.00	3085.25	2.043 times
05 Mon Feb 2024	3124.85	3104.50	3162.90	3058.45	0.583 times
02 Fri Feb 2024	3094.85	3138.00	3160.95	3049.55	0.676 times
01 Thu Feb 2024	3136.20	3197.70	3209.95	3103.20	0.512 times
31 Wed Jan 2024	3181.25	3095.00	3228.00	3085.55	1.545 times
30 Tue Jan 2024	3083.40	3112.00	3165.00	3046.60	0.807 times
29 Mon Jan 2024	3106.70	3130.70	3151.00	3090.35	0.482 times
25 Thu Jan 2024	3115.10	3040.00	3145.00	3032.00	1.385 times

Stock of Thermax (THERMAX) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3205.1, but if it comes below 3205.1, then a intra day sell could be more profitable.
If you take a sell trade below 3205.1, then use 3205.1 as stoploss and 3132.23 as target. However if you take a buy trade in stock , then use 3205.1 as stoploss and 3292.6 as target.

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
Downside Target	3145.00
Upside Target	3220.00
Upside Target	3228.00
Upside Target	3230.00
Upside Target	3260.70
Upside Target	3268.00
Upside Target	3508.55

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	3008.62
Downside Intraday Target	2808.48
Upside Intraday Target	3458.72
Upside Intraday Target	3708.68
Upside Intraday Target	3258.58

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	3208.75	3104.50	3508.55	3058.45	2.358 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Thermax (THERMAX)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	3208.75	3197.70	3508.55	3049.55	0.521 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 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 gaining 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 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 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 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 3188.18 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.