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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 2024-03-14 View latest technical analysis

10 day averaged volume of Thermax is 94592

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	3609.75	3607.05	3640.00	3571.90	1.024 times
13 Wed Mar 2024	3629.05	3609.75	3762.00	3542.85	2.162 times
12 Tue Mar 2024	3618.10	3600.10	3669.70	3534.65	0.544 times
11 Mon Mar 2024	3618.10	3669.90	3726.00	3431.60	1.496 times
07 Thu Mar 2024	3641.70	3575.00	3677.95	3575.00	0.387 times
06 Wed Mar 2024	3575.10	3677.95	3683.95	3551.00	0.895 times
05 Tue Mar 2024	3675.75	3680.05	3699.00	3635.95	0.664 times
04 Mon Mar 2024	3697.30	3666.35	3739.90	3591.25	0.508 times
02 Sat Mar 2024	3666.60	3630.15	3698.95	3630.15	0.036 times
01 Fri Mar 2024	3630.15	3637.25	3650.00	3592.05	2.333 times

My analysis of stock is bearish for shortterm, and stock might move down till 3542.5 or till 3446.7. Use a stoploss of 3622.38 and if the stock hits stoploss, then it can shoot up till 3702.22

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	3431.60
Downside Target	3551.00
Upside Target	3739.90
Upside Target	3762.00
Upside Target	3772.90
Upside Target	3894.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	3440.23
Downside Intraday Target	3270.72
Upside Intraday Target	3770.63
Upside Intraday Target	3931.52
Downside Intraday Target	3601.12

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	3609.75	3669.90	3762.00	3431.60	2.129 times
07 Thu Mar 2024	3641.70	3666.35	3739.90	3551.00	0.281 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

Price has moved down 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
14 Thu Mar 2024	3609.75	3637.25	3762.00	3431.60	0.363 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 down 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 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 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 Weak 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. 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 SELL signal for Thermax in short term and SELL 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

Stock of Thermax is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 3627.47 and Thermax (THERMAX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Thermax (THERMAX) stock. Volume based technical analysis of Thermax (THERMAX) stock is negative.

Thermax Stock has given negative 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.