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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 2024-05-21 View latest technical analysis

10 day averaged volume of Thermax is 279018

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	5001.25	4980.00	5122.00	4887.00	0.887 times
18 Sat May 2024	4983.55	4942.05	5025.05	4942.05	0.019 times
17 Fri May 2024	4941.25	5031.05	5049.40	4905.50	1.06 times
16 Thu May 2024	4944.80	5129.95	5241.95	4920.00	1.723 times
15 Wed May 2024	5087.80	4724.00	5382.40	4723.95	3.864 times
14 Tue May 2024	4695.55	4649.70	4839.70	4638.85	1.089 times
13 Mon May 2024	4609.25	4650.00	4680.00	4542.00	0.57 times
10 Fri May 2024	4581.90	4540.30	4629.55	4412.10	0.259 times
09 Thu May 2024	4485.35	4740.00	4760.95	4434.00	0.45 times
08 Wed May 2024	4693.95	4562.60	4773.25	4562.05	0.58 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4891.1, but if it comes below 4891.1, then a intra day sell could be more profitable.
If you take a sell trade below 4891.1, then use 4891.1 as stoploss and 4673.62 as target. However if you take a buy trade in stock , then use 4891.1 as stoploss and 5152 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	4978.90
Upside Target	5122.00
Upside Target	5382.40

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4884.83
Downside Intraday Target	4768.42
Upside Intraday Target	5119.83
Upside Intraday Target	5238.42
Upside Intraday Target	5003.42

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	5001.25	4980.00	5122.00	4887.00	0.107 times
18 Sat May 2024	4983.55	4650.00	5382.40	4542.00	3.771 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

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
21 Tue May 2024	5001.25	4700.00	5382.40	4412.10	0.958 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 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 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 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 but buying is losing 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 4915.33 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.