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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 2024-05-07 View latest technical analysis

10 day averaged volume of Thermax is 206130

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	4558.70	4655.00	4674.00	4484.25	0.524 times
06 Mon May 2024	4652.25	4766.90	4766.90	4517.00	0.72 times
03 Fri May 2024	4766.90	4676.00	4799.00	4645.25	0.867 times
02 Thu May 2024	4696.30	4700.00	4725.20	4601.10	1.46 times
30 Tue Apr 2024	4669.60	4492.00	4718.35	4480.00	1.4 times
29 Mon Apr 2024	4454.50	4413.90	4552.00	4395.35	0.823 times
26 Fri Apr 2024	4367.80	4342.75	4414.95	4307.95	0.569 times
25 Thu Apr 2024	4300.30	4485.00	4485.00	4260.00	0.72 times
24 Wed Apr 2024	4436.40	4594.90	4636.75	4392.10	0.943 times
23 Tue Apr 2024	4544.95	4602.65	4750.00	4510.30	1.402 times

My analysis of stock is bearish for shortterm, and stock might move down till 4455.1 or till 4299.4. Use a stoploss of 4584.82 and if the stock hits stoploss, then it can shoot up till 4714.54

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
Upside Target	4685.50
Upside Target	4766.90
Upside Target	4799.00
Upside Target	4877.00
Upside Target	4978.90

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4439.67
Downside Intraday Target	4320.63
Upside Intraday Target	4722.32
Upside Intraday Target	4885.93
Upside Intraday Target	4603.28

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	4558.70	4766.90	4766.90	4484.25	0.273 times
03 Fri May 2024	4766.90	4413.90	4799.00	4395.35	0.962 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

Price has moved down 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
07 Tue May 2024	4558.70	4700.00	4799.00	4484.25	0.192 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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. Bulls are getting tired and bears are picking up momentum.

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 SELL signal for Thermax in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 4568.13 and Thermax (THERMAX) stock is trading below this level. This means that stock is falling with high volumes. 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.