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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 2024-04-02 View latest technical analysis

10 day averaged volume of Thermax is 171857

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	4299.80	4302.25	4385.00	4253.95	0.411 times
01 Mon Apr 2024	4288.15	4210.10	4395.00	4210.10	0.618 times
28 Thu Mar 2024	4192.35	4190.00	4288.65	4151.20	0.502 times
27 Wed Mar 2024	4187.05	4097.00	4208.00	4035.50	0.534 times
26 Tue Mar 2024	4101.75	3920.00	4147.00	3899.00	1.699 times
22 Fri Mar 2024	3898.85	3859.95	3952.05	3841.70	0.609 times
21 Thu Mar 2024	3859.85	3700.90	3985.00	3666.45	1.515 times
20 Wed Mar 2024	3685.10	3594.95	3731.95	3583.60	0.525 times
19 Tue Mar 2024	3594.40	3714.90	3714.90	3571.15	0.417 times
18 Mon Mar 2024	3690.50	3484.90	3725.00	3408.95	0.777 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 4364.7, for a target of 4057 or 3800.67

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2559.00
Downside Target	2977.00
Downside Target	3049.55
Downside Target	3167.80
Downside Target	3268.00
Downside Target	3408.95
Downside Target	3551.00
Downside Target	3739.90
Downside Target	3894.95
Downside Target	3985.00
Downside Target	4210.10
Downside Target	4288.65
Upside Target	4395.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4208.27
Downside Intraday Target	4116.73
Upside Intraday Target	4393.17
Upside Intraday Target	4486.53
Upside Intraday Target	4301.63

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	4299.80	4210.10	4395.00	4210.10	0.376 times
28 Thu Mar 2024	4192.35	3920.00	4288.65	3899.00	0.712 times
22 Fri Mar 2024	3898.85	3484.90	3985.00	3408.95	0.677 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

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
02 Tue Apr 2024	4299.80	4210.10	4395.00	4210.10	0.069 times
28 Thu Mar 2024	4192.35	3637.25	4288.65	3408.95	0.979 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

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 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 losing 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 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 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 3976.54 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.