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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 2024-05-02 View latest technical analysis

10 day averaged volume of Thermax is 210109

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	4696.30	4700.00	4725.20	4601.10	1.432 times
30 Tue Apr 2024	4669.60	4492.00	4718.35	4480.00	1.373 times
29 Mon Apr 2024	4454.50	4413.90	4552.00	4395.35	0.808 times
26 Fri Apr 2024	4367.80	4342.75	4414.95	4307.95	0.558 times
25 Thu Apr 2024	4300.30	4485.00	4485.00	4260.00	0.706 times
24 Wed Apr 2024	4436.40	4594.90	4636.75	4392.10	0.925 times
23 Tue Apr 2024	4544.95	4602.65	4750.00	4510.30	1.375 times
22 Mon Apr 2024	4602.65	4849.00	4978.90	4573.90	1.076 times
19 Fri Apr 2024	4811.90	4742.70	4877.00	4717.55	1.584 times
18 Thu Apr 2024	4742.70	4693.00	4780.00	4641.05	0.948 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4686, but if it comes below 4686, then a intra day sell could be more profitable.
If you take a sell trade below 4686, then use 4686 as stoploss and 4547.98 as target. However if you take a buy trade in stock , then use 4686 as stoploss and 4851.7 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2977.00
Downside Target	3049.55
Downside Target	3268.00
Downside Target	3408.95
Downside Target	3894.95
Downside Target	4210.10
Downside Target	4395.35
Downside Target	4601.10
Downside Target	4685.50
Upside Target	4725.20
Upside Target	4877.00
Upside Target	4978.90

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4486.03
Downside Intraday Target	4275.77
Upside Intraday Target	4815.88
Upside Intraday Target	4935.47
Downside Intraday Target	4605.62

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	4696.30	4413.90	4725.20	4395.35	0.779 times
26 Fri Apr 2024	4367.80	4849.00	4978.90	4260.00	0.859 times
19 Fri Apr 2024	4811.90	4544.60	4877.00	4450.00	2.799 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

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 Thu May 2024	4696.30	4700.00	4725.20	4601.10	0.079 times
30 Tue Apr 2024	4669.60	4210.10	4978.90	4210.10	1.493 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

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 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 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 neutral. A longer time frame might give a better analysis.

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 gaining 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 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 4601.98 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.