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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 2024-06-25 View latest technical analysis

10 day averaged volume of Thermax is 131894

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	5115.65	5239.95	5265.40	5091.00	0.641 times
24 Mon Jun 2024	5198.25	5048.05	5224.95	5018.45	0.815 times
21 Fri Jun 2024	5038.55	5130.00	5179.00	5011.10	2.115 times
20 Thu Jun 2024	5140.15	5134.95	5174.90	5080.05	0.62 times
19 Wed Jun 2024	5117.30	5284.10	5310.00	5058.05	0.866 times
18 Tue Jun 2024	5257.80	5417.40	5419.00	5232.00	0.491 times
14 Fri Jun 2024	5311.90	5389.80	5404.65	5256.80	0.935 times
13 Thu Jun 2024	5342.40	5404.95	5531.00	5305.00	0.562 times
12 Wed Jun 2024	5397.10	5199.00	5449.90	5152.10	0.991 times
11 Tue Jun 2024	5199.30	5226.35	5307.35	5131.05	1.738 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5126.5, but if it comes above 5126.5, then a intra day buy could be more profitable.
If you take a sell trade below 5126.5, then use 5126.5 as stoploss and 4960.4 as target. However if you take a buy trade in stock , then use 5126.5 as stoploss and 5264.89 as target.

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	4930.80
Upside Target	5122.10
Upside Target	5265.40
Upside Target	5419.00
Upside Target	5531.00
Upside Target	5569.00
Upside Target	5699.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	5000.93
Downside Intraday Target	4886.22
Upside Intraday Target	5247.88
Upside Intraday Target	5380.12
Upside Intraday Target	5133.17

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	5115.65	5048.05	5265.40	5018.45	0.356 times
21 Fri Jun 2024	5038.55	5417.40	5419.00	5011.10	0.804 times
14 Fri Jun 2024	5311.90	5220.00	5531.00	5131.05	0.317 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

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
25 Tue Jun 2024	5115.65	5640.00	5699.95	4930.80	0.284 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 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 buy signal for Thermax in short term but BUY 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

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 5189.91 and Thermax (THERMAX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.