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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 2024-04-18 View latest technical analysis

10 day averaged volume of Thermax is 175466

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	4742.70	4693.00	4780.00	4641.05	1.136 times
16 Tue Apr 2024	4672.05	4730.00	4809.90	4642.45	0.773 times
15 Mon Apr 2024	4709.05	4544.60	4875.00	4450.00	2.661 times
12 Fri Apr 2024	4544.60	4503.00	4573.85	4503.00	0.436 times
10 Wed Apr 2024	4544.15	4602.50	4609.60	4521.50	0.369 times
09 Tue Apr 2024	4559.95	4590.95	4680.25	4535.05	0.617 times
08 Mon Apr 2024	4543.25	4554.55	4685.50	4500.00	0.888 times
05 Fri Apr 2024	4518.45	4538.15	4639.90	4489.45	1.073 times
04 Thu Apr 2024	4508.35	4500.00	4581.65	4419.05	1.172 times
03 Wed Apr 2024	4432.80	4370.00	4499.00	4281.20	1.609 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4633.2, but if it comes below 4633.2, then a intra day sell could be more profitable.
If you take a sell trade below 4633.2, then use 4633.2 as stoploss and 4278.66 as target. However if you take a buy trade in stock , then use 4633.2 as stoploss and 5058.6 as target.

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	3894.95
Downside Target	3985.00
Downside Target	4210.10
Downside Target	4450.00
Downside Target	4500.00
Downside Target	4639.90
Downside Target	4685.50
Upside Target	4875.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4503.47
Downside Intraday Target	4264.23
Upside Intraday Target	4928.47
Upside Intraday Target	5114.23
Downside Intraday Target	4689.23

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	4742.70	4544.60	4875.00	4450.00	1.978 times
12 Fri Apr 2024	4544.60	4554.55	4685.50	4500.00	0.475 times
05 Fri Apr 2024	4518.45	4210.10	4639.90	4210.10	1.814 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

Price has moved up 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
18 Thu Apr 2024	4742.70	4210.10	4875.00	4210.10	0.804 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 stronger in this stock.

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 and the buying is gaining 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 4592.94 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.