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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 2024-03-19 View latest technical analysis

10 day averaged volume of Thermax is 134168

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	3594.40	3714.90	3714.90	3571.15	0.535 times
18 Mon Mar 2024	3690.50	3484.90	3725.00	3408.95	0.996 times
15 Fri Mar 2024	3484.05	3610.00	3615.00	3450.00	3.59 times
14 Thu Mar 2024	3609.75	3607.05	3640.00	3571.90	0.722 times
13 Wed Mar 2024	3629.05	3609.75	3762.00	3542.85	1.525 times
12 Tue Mar 2024	3618.10	3600.10	3669.70	3534.65	0.383 times
11 Mon Mar 2024	3618.10	3669.90	3726.00	3431.60	1.055 times
07 Thu Mar 2024	3641.70	3575.00	3677.95	3575.00	0.273 times
06 Wed Mar 2024	3575.10	3677.95	3683.95	3551.00	0.631 times
05 Tue Mar 2024	3675.75	3680.05	3699.00	3635.95	0.468 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3575.5 as stoploss in an intra day buy trade for a target of 3639.13. However, stock will show a bearish move below 3575.5.

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	3427.23
Downside Intraday Target	3260.07
Upside Intraday Target	3743.28
Upside Intraday Target	3892.17
Downside Intraday Target	3576.12

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	3594.40	3484.90	3725.00	3408.95	0.21 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
19 Tue Mar 2024	3594.40	3637.25	3762.00	3408.95	0.625 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Thermax ( (THERMAX) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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 getting stronger in this stock.

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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 3578.31 and Thermax (THERMAX) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.