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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 2024-06-03 View latest technical analysis

10 day averaged volume of Thermax is 898993

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	5658.60	5640.00	5699.90	5554.05	0.305 times
31 Fri May 2024	5404.65	5495.00	5564.00	5122.10	6.093 times
30 Thu May 2024	5424.60	5335.80	5554.40	5215.00	0.684 times
29 Wed May 2024	5283.75	5371.05	5569.00	5247.00	0.497 times
28 Tue May 2024	5349.65	5306.15	5550.00	5230.05	0.537 times
27 Mon May 2024	5295.70	5206.90	5419.95	5153.95	0.54 times
24 Fri May 2024	5143.60	5184.10	5256.65	5065.00	0.358 times
23 Thu May 2024	5164.80	5094.00	5348.00	4927.00	0.584 times
22 Wed May 2024	5031.90	5063.70	5170.00	4920.00	0.426 times
21 Tue May 2024	5001.25	4980.00	5122.00	4887.00	0.275 times

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 5729.7, for a target of 5341 or 5017.03

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	3049.55
Downside Target	3408.95
Downside Target	3894.95
Downside Target	4210.10
Downside Target	4412.10
Downside Target	4542.00
Downside Target	4773.25
Downside Target	4887.00
Downside Target	5122.10
Downside Target	5348.00
Downside Target	5554.05
Downside Target	5569.00
Upside Target	5699.90

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	5575.13
Downside Intraday Target	5491.67
Upside Intraday Target	5720.98
Upside Intraday Target	5783.37
Downside Intraday Target	5637.52

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	5658.60	5640.00	5699.90	5554.05	0.037 times
31 Fri May 2024	5404.65	5206.90	5569.00	5122.10	5.082 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

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
03 Mon Jun 2024	5658.60	5640.00	5699.90	5554.05	0.022 times
31 Fri May 2024	5404.65	4700.00	5569.00	4412.10	3.242 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

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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 5350.21 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.