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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 2024-06-28 View latest technical analysis

10 day averaged volume of Thermax is 121340

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	5351.00	5305.25	5410.00	5241.00	0.787 times
27 Thu Jun 2024	5348.30	5082.00	5475.00	5076.95	1.349 times
26 Wed Jun 2024	5147.15	5150.00	5189.90	5050.00	0.993 times
25 Tue Jun 2024	5115.65	5239.95	5265.40	5091.00	0.696 times
24 Mon Jun 2024	5198.25	5048.05	5224.95	5018.45	0.886 times
21 Fri Jun 2024	5038.55	5130.00	5179.00	5011.10	2.299 times
20 Thu Jun 2024	5140.15	5134.95	5174.90	5080.05	0.674 times
19 Wed Jun 2024	5117.30	5284.10	5310.00	5058.05	0.942 times
18 Tue Jun 2024	5257.80	5417.40	5419.00	5232.00	0.534 times
14 Fri Jun 2024	5311.90	5389.80	5404.65	5256.80	1.016 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 5391.5 as stoploss in an intra day sell trade for a target of 5254.31. However, stock will show a bullish move above 5391.5.

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	5419.00
Upside Target	5475.00
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	5087.97
Downside Intraday Target	4824.93
Upside Intraday Target	5544.52
Upside Intraday Target	5738.03
Downside Intraday Target	5281.48

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	5351.00	5048.05	5475.00	5018.45	1.059 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
28 Fri Jun 2024	5351.00	5640.00	5699.95	4930.80	0.315 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 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 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 to mid 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 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. 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 but buying is losing 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 5186.37 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.