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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 2024-05-29 View latest technical analysis

10 day averaged volume of Thermax is 430503

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	5283.75	5371.05	5569.00	5247.00	1.037 times
28 Tue May 2024	5349.65	5306.15	5550.00	5230.05	1.121 times
27 Mon May 2024	5295.70	5206.90	5419.95	5153.95	1.128 times
24 Fri May 2024	5143.60	5184.10	5256.65	5065.00	0.748 times
23 Thu May 2024	5164.80	5094.00	5348.00	4927.00	1.219 times
22 Wed May 2024	5031.90	5063.70	5170.00	4920.00	0.889 times
21 Tue May 2024	5001.25	4980.00	5122.00	4887.00	0.575 times
18 Sat May 2024	4983.55	4942.05	5025.05	4942.05	0.012 times
17 Fri May 2024	4941.25	5031.05	5049.40	4905.50	0.687 times
16 Thu May 2024	4944.80	5129.95	5241.95	4920.00	1.117 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5161.9, but if it comes below 5161.9, then a intra day sell could be more profitable.
If you take a sell trade below 5161.9, then use 5161.9 as stoploss and 4898.41 as target. However if you take a buy trade in stock , then use 5161.9 as stoploss and 5478 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	5153.95
Upside Target	5348.00
Upside Target	5382.40
Upside Target	5569.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	5102.13
Downside Intraday Target	4920.52
Upside Intraday Target	5517.18
Upside Intraday Target	5750.62
Upside Intraday Target	5335.57

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	5283.75	5206.90	5569.00	5153.95	0.958 times
24 Fri May 2024	5143.60	4980.00	5348.00	4887.00	0.636 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

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
29 Wed May 2024	5283.75	4700.00	5569.00	4412.10	1.649 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, and volume has increased substantially. This means that the move can 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 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 5147.09 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.