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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 2024-03-04 View latest technical analysis

10 day averaged volume of Thermax is 155441

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	3697.30	3666.35	3739.90	3591.25	0.309 times
02 Sat Mar 2024	3666.60	3630.15	3698.95	3630.15	0.022 times
01 Fri Mar 2024	3630.15	3637.25	3650.00	3592.05	1.42 times
29 Thu Feb 2024	3637.25	3578.70	3645.35	3519.10	0.593 times
28 Wed Feb 2024	3582.30	3699.00	3699.00	3540.00	1.993 times
27 Tue Feb 2024	3698.50	3728.90	3739.35	3658.95	0.357 times
26 Mon Feb 2024	3728.15	3754.85	3894.95	3701.10	0.932 times
23 Fri Feb 2024	3739.85	3729.95	3772.90	3694.75	1.17 times
22 Thu Feb 2024	3721.70	3547.75	3758.85	3495.00	1.369 times
21 Wed Feb 2024	3544.20	3549.90	3581.95	3486.05	1.601 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3684.5, but if it comes below 3684.5, then a intra day sell could be more profitable.
If you take a sell trade below 3684.5, then use 3684.5 as stoploss and 3518.95 as target. However if you take a buy trade in stock , then use 3684.5 as stoploss and 3883.1 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2500.25
Downside Target	2559.00
Downside Target	2977.00
Downside Target	3167.80
Downside Target	3268.00
Downside Target	3461.00
Downside Target	3591.25
Upside Target	3739.90
Upside Target	3772.90
Upside Target	3894.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	3612.4
Downside Intraday Target	3527.5
Upside Intraday Target	3761.05
Upside Intraday Target	3824.8
Downside Intraday Target	3676.15

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	3697.30	3666.35	3739.90	3591.25	0.058 times
02 Sat Mar 2024	3666.60	3754.85	3894.95	3519.10	1.014 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

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
04 Mon Mar 2024	3697.30	3637.25	3739.90	3591.25	0.104 times
29 Thu Feb 2024	3637.25	3197.70	3894.95	3049.55	2.249 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

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 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 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 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. Bears are weakening, and bulls are picking up momentum!

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 3646.76 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.