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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 2024-02-26 View latest technical analysis

10 day averaged volume of Thermax is 125265

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	3728.15	3754.85	3894.95	3701.10	1.156 times
23 Fri Feb 2024	3739.85	3729.95	3772.90	3694.75	1.452 times
22 Thu Feb 2024	3721.70	3547.75	3758.85	3495.00	1.699 times
21 Wed Feb 2024	3544.20	3549.90	3581.95	3486.05	1.987 times
20 Tue Feb 2024	3511.65	3517.50	3563.95	3486.05	0.674 times
19 Mon Feb 2024	3487.05	3474.50	3559.00	3461.00	0.693 times
16 Fri Feb 2024	3435.30	3458.75	3498.00	3402.35	0.519 times
15 Thu Feb 2024	3458.75	3379.20	3477.00	3378.95	0.917 times
14 Wed Feb 2024	3362.40	3315.00	3450.00	3292.90	0.85 times
13 Tue Feb 2024	3322.15	3312.00	3357.95	3290.15	0.63 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 3814.3, for a target of 3570 or 3366.38

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	3167.80
Downside Target	3461.00
Downside Target	3498.00
Downside Target	3508.55
Downside Target	3701.10
Upside Target	3772.90
Upside Target	3894.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	3654.52
Downside Intraday Target	3580.88
Upside Intraday Target	3848.37
Upside Intraday Target	3968.58
Upside Intraday Target	3774.73

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	3728.15	3754.85	3894.95	3701.10	0.178 times
23 Fri Feb 2024	3739.85	3474.50	3772.90	3461.00	1.861 times
16 Fri Feb 2024	3435.30	3390.20	3498.00	3276.05	0.629 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

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
26 Mon Feb 2024	3728.15	3197.70	3894.95	3049.55	1.856 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, and volume has increased substantially. This means that the move can 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 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 3573.28 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.