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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 2024-02-14 View latest technical analysis

10 day averaged volume of Thermax is 100247

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	3362.40	3315.00	3450.00	3292.90	1.062 times
13 Tue Feb 2024	3322.15	3312.00	3357.95	3290.15	0.787 times
12 Mon Feb 2024	3311.55	3390.20	3405.50	3276.05	0.724 times
09 Fri Feb 2024	3350.20	3290.00	3364.20	3206.00	1.563 times
08 Thu Feb 2024	3208.75	3339.45	3508.55	3151.05	3.033 times
07 Wed Feb 2024	3285.15	3330.00	3330.00	3209.00	0.855 times
06 Tue Feb 2024	3240.15	3129.90	3288.00	3085.25	1.158 times
05 Mon Feb 2024	3124.85	3104.50	3162.90	3058.45	0.33 times
02 Fri Feb 2024	3094.85	3138.00	3160.95	3049.55	0.383 times
01 Thu Feb 2024	3136.20	3197.70	3209.95	3103.20	0.29 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 3404.5, for a target of 3272.3 or 3162.1

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
Downside Target	3228.00
Downside Target	3230.00
Downside Target	3268.00
Downside Target	3276.05
Upside Target	3450.00
Upside Target	3508.55

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	3275.63
Downside Intraday Target	3188.87
Upside Intraday Target	3449.58
Upside Intraday Target	3536.77
Upside Intraday Target	3362.82

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	3362.40	3390.20	3450.00	3276.05	0.371 times
09 Fri Feb 2024	3350.20	3104.50	3508.55	3058.45	3.044 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

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
14 Wed Feb 2024	3362.40	3197.70	3508.55	3049.55	0.877 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 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 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 stronger in this stock.

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 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 3263.45 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.