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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 2024-02-15 View latest technical analysis

10 day averaged volume of Thermax is 102119

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	3458.75	3379.20	3477.00	3378.95	1.124 times
14 Wed Feb 2024	3362.40	3315.00	3450.00	3292.90	1.043 times
13 Tue Feb 2024	3322.15	3312.00	3357.95	3290.15	0.773 times
12 Mon Feb 2024	3311.55	3390.20	3405.50	3276.05	0.711 times
09 Fri Feb 2024	3350.20	3290.00	3364.20	3206.00	1.534 times
08 Thu Feb 2024	3208.75	3339.45	3508.55	3151.05	2.978 times
07 Wed Feb 2024	3285.15	3330.00	3330.00	3209.00	0.839 times
06 Tue Feb 2024	3240.15	3129.90	3288.00	3085.25	1.137 times
05 Mon Feb 2024	3124.85	3104.50	3162.90	3058.45	0.324 times
02 Fri Feb 2024	3094.85	3138.00	3160.95	3049.55	0.376 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 3458.3, for a target of 3306.8 or 3180.61

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	3477.00
Upside Target	3508.55

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	3330.87
Downside Intraday Target	3202.98
Upside Intraday Target	3531.82
Upside Intraday Target	3604.88
Downside Intraday Target	3403.93

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	3458.75	3390.20	3477.00	3276.05	0.536 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
15 Thu Feb 2024	3458.75	3197.70	3508.55	3049.55	0.976 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 3287.06 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.