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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 2024-06-10 View latest technical analysis

10 day averaged volume of Thermax is 962817

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	5161.75	5220.00	5257.15	5145.05	0.119 times
07 Fri Jun 2024	5226.10	5319.90	5430.00	5080.00	0.285 times
06 Thu Jun 2024	5262.20	5149.00	5282.00	5102.15	0.221 times
05 Wed Jun 2024	5130.70	5463.10	5463.10	4968.10	0.605 times
04 Tue Jun 2024	5277.30	5699.95	5699.95	4930.80	0.808 times
03 Mon Jun 2024	5658.60	5640.00	5699.90	5554.05	0.285 times
31 Fri May 2024	5404.65	5495.00	5564.00	5122.10	5.689 times
30 Thu May 2024	5424.60	5335.80	5554.40	5215.00	0.639 times
29 Wed May 2024	5283.75	5371.05	5569.00	5247.00	0.464 times
28 Tue May 2024	5349.65	5306.15	5550.00	5230.05	0.501 times

My analysis of stock is bearish for shortterm, and stock might move down till 4965.9 or till 4716.7. Use a stoploss of 5173.48 and if the stock hits stoploss, then it can shoot up till 5381.1

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	4887.00
Downside Target	5122.10
Upside Target	5257.15
Upside Target	5382.40
Upside Target	5569.00
Upside Target	5699.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	5118.82
Downside Intraday Target	5075.88
Upside Intraday Target	5230.92
Upside Intraday Target	5300.08
Upside Intraday Target	5187.98

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	5161.75	5220.00	5257.15	5145.05	0.054 times
07 Fri Jun 2024	5226.10	5640.00	5699.95	4930.80	0.282 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

Price has moved down 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
10 Mon Jun 2024	5161.75	5640.00	5699.95	4930.80	0.18 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 down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Thermax in short term but the sell signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Thermax in short term and SELL 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

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 5365.31 and Thermax (THERMAX) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.