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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 2024-03-18 View latest technical analysis

10 day averaged volume of Thermax is 121153

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	3690.50	3484.90	3725.00	3408.95	1.102 times
15 Fri Mar 2024	3484.05	3610.00	3615.00	3450.00	3.976 times
14 Thu Mar 2024	3609.75	3607.05	3640.00	3571.90	0.799 times
13 Wed Mar 2024	3629.05	3609.75	3762.00	3542.85	1.688 times
12 Tue Mar 2024	3618.10	3600.10	3669.70	3534.65	0.424 times
11 Mon Mar 2024	3618.10	3669.90	3726.00	3431.60	1.168 times
07 Thu Mar 2024	3641.70	3575.00	3677.95	3575.00	0.302 times
06 Wed Mar 2024	3575.10	3677.95	3683.95	3551.00	0.699 times
05 Tue Mar 2024	3675.75	3680.05	3699.00	3635.95	0.518 times
04 Mon Mar 2024	3697.30	3666.35	3739.90	3591.25	0.397 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 3703.8 as stoploss in an intra day sell trade for a target of 3634.99. However, stock will show a bullish move above 3703.8.

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	3408.95
Upside Target	3725.00
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	3491.3
Downside Intraday Target	3292.1
Upside Intraday Target	3807.35
Upside Intraday Target	3924.2
Downside Intraday Target	3608.15

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	3690.50	3484.90	3725.00	3408.95	0.137 times
15 Fri Mar 2024	3484.05	3669.90	3762.00	3431.60	4.204 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

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
18 Mon Mar 2024	3690.50	3637.25	3762.00	3408.95	0.598 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 losing momentum.

MACD generated a SELL signal for Thermax in short term but the sell signal is initial and weak.

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. 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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 3581.72 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.