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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 2024-05-15 View latest technical analysis

10 day averaged volume of Thermax is 184702

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	5087.80	4724.00	5382.40	4723.95	5.837 times
14 Tue May 2024	4695.55	4649.70	4839.70	4638.85	1.645 times
13 Mon May 2024	4609.25	4650.00	4680.00	4542.00	0.862 times
10 Fri May 2024	4581.90	4540.30	4629.55	4412.10	0.392 times
09 Thu May 2024	4485.35	4740.00	4760.95	4434.00	0.679 times
08 Wed May 2024	4693.95	4562.60	4773.25	4562.05	0.876 times
07 Tue May 2024	4558.70	4655.00	4674.00	4484.25	0.584 times
06 Mon May 2024	4652.25	4766.90	4766.90	4517.00	0.803 times
03 Fri May 2024	4766.90	4676.00	4799.00	4645.25	0.968 times
02 Thu May 2024	4696.30	4700.00	4725.20	4601.10	1.629 times

Stock of Thermax (THERMAX) has showed a significant upmove. This could be a good time to enter in this stock!

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 4993.5, for a target of 4790.6 or 4621.54

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
Downside Target	4542.00
Downside Target	4773.25
Downside Target	4877.00
Downside Target	4978.90
Upside Target	5382.40

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4625.73
Downside Intraday Target	4163.67
Upside Intraday Target	5466.13
Upside Intraday Target	5844.47
Downside Intraday Target	5004.07

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	5087.80	4650.00	5382.40	4542.00	2.502 times
10 Fri May 2024	4581.90	4766.90	4773.25	4412.10	0.657 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

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
15 Wed May 2024	5087.80	4700.00	5382.40	4412.10	0.689 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 to mid 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 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 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 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 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 4834.4 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.