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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 2024-05-16 View latest technical analysis

10 day averaged volume of Thermax is 263659

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	4944.80	5129.95	5241.95	4920.00	1.823 times
15 Wed May 2024	5087.80	4724.00	5382.40	4723.95	4.089 times
14 Tue May 2024	4695.55	4649.70	4839.70	4638.85	1.152 times
13 Mon May 2024	4609.25	4650.00	4680.00	4542.00	0.604 times
10 Fri May 2024	4581.90	4540.30	4629.55	4412.10	0.275 times
09 Thu May 2024	4485.35	4740.00	4760.95	4434.00	0.476 times
08 Wed May 2024	4693.95	4562.60	4773.25	4562.05	0.614 times
07 Tue May 2024	4558.70	4655.00	4674.00	4484.25	0.409 times
06 Mon May 2024	4652.25	4766.90	4766.90	4517.00	0.563 times
03 Fri May 2024	4766.90	4676.00	4799.00	4645.25	0.678 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4818.2, but if it comes below 4818.2, then a intra day sell could be more profitable.
If you take a sell trade below 4818.2, then use 4818.2 as stoploss and 4635.18 as target. However if you take a buy trade in stock , then use 4818.2 as stoploss and 5037.8 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	4542.00
Downside Target	4773.25
Downside Target	4877.00
Upside Target	4978.90
Upside Target	5382.40

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4530.4
Downside Intraday Target	4116
Upside Intraday Target	5370.8
Upside Intraday Target	5796.8
Upside Intraday Target	4956.4

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	4944.80	4650.00	5382.40	4542.00	3.283 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
16 Thu May 2024	4944.80	4700.00	5382.40	4412.10	0.815 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 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 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 coming down

CCI has generated a SELL signal for Thermax in short term but SELL signal is weak.

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 4867.99 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.