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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 2024-06-26 View latest technical analysis

10 day averaged volume of Thermax is 128919

Date	Daily Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	5147.15	5150.00	5189.90	5050.00	0.934 times
25 Tue Jun 2024	5115.65	5239.95	5265.40	5091.00	0.655 times
24 Mon Jun 2024	5198.25	5048.05	5224.95	5018.45	0.834 times
21 Fri Jun 2024	5038.55	5130.00	5179.00	5011.10	2.164 times
20 Thu Jun 2024	5140.15	5134.95	5174.90	5080.05	0.634 times
19 Wed Jun 2024	5117.30	5284.10	5310.00	5058.05	0.886 times
18 Tue Jun 2024	5257.80	5417.40	5419.00	5232.00	0.502 times
14 Fri Jun 2024	5311.90	5389.80	5404.65	5256.80	0.957 times
13 Thu Jun 2024	5342.40	5404.95	5531.00	5305.00	0.575 times
12 Wed Jun 2024	5397.10	5199.00	5449.90	5152.10	1.014 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 5115.5 as stoploss in an intra day buy trade for a target of 5254.76. However, stock will show a bearish move below 5115.5.

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
Downside 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	5021.93
Downside Intraday Target	4896.72
Upside Intraday Target	5268.88
Upside Intraday Target	5390.62
Downside Intraday Target	5143.67

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	5147.15	5048.05	5265.40	5018.45	0.579 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
26 Wed Jun 2024	5147.15	5640.00	5699.95	4930.80	0.294 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 SELL. Signal strength is Weak and stock is gaining 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 moving up

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 but buying is losing 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 5183.72 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.