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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 2024-07-02 View latest technical analysis

10 day averaged volume of Thermax is 115564

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	5168.65	5309.95	5320.95	5143.95	1.648 times
01 Mon Jul 2024	5298.15	5368.10	5368.15	5241.10	0.382 times
28 Fri Jun 2024	5351.00	5305.25	5410.00	5241.00	0.826 times
27 Thu Jun 2024	5348.30	5082.00	5475.00	5076.95	1.417 times
26 Wed Jun 2024	5147.15	5150.00	5189.90	5050.00	1.042 times
25 Tue Jun 2024	5115.65	5239.95	5265.40	5091.00	0.731 times
24 Mon Jun 2024	5198.25	5048.05	5224.95	5018.45	0.93 times
21 Fri Jun 2024	5038.55	5130.00	5179.00	5011.10	2.414 times
20 Thu Jun 2024	5140.15	5134.95	5174.90	5080.05	0.708 times
19 Wed Jun 2024	5117.30	5284.10	5310.00	5058.05	0.989 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 5129.2 as stoploss in an intra day buy trade for a target of 5224.49. However, stock will show a bearish move below 5129.2.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	3408.95
Downside Target	4210.10
Downside Target	4412.10
Downside Target	4930.80
Downside Target	5131.05
Upside Target	5368.15
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	5085.68
Downside Intraday Target	5002.72
Upside Intraday Target	5309.88
Upside Intraday Target	5451.12
Upside Intraday Target	5226.92

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	5168.65	5368.10	5368.15	5143.95	0.41 times
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

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
02 Tue Jul 2024	5168.65	5368.10	5368.15	5143.95	0.06 times
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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 tired and bears 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 5171.9 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.