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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 2024-07-08 View latest technical analysis

10 day averaged volume of Thermax is 142517

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	5666.45	5655.75	5839.95	5620.50	1.481 times
05 Fri Jul 2024	5631.05	5289.95	5789.00	5289.95	3.656 times
04 Thu Jul 2024	5289.00	5320.00	5355.00	5258.55	0.335 times
03 Wed Jul 2024	5294.55	5220.00	5349.00	5151.50	0.351 times
02 Tue Jul 2024	5168.65	5309.95	5320.95	5143.95	1.336 times
01 Mon Jul 2024	5298.15	5368.10	5368.15	5241.10	0.31 times
28 Fri Jun 2024	5351.00	5305.25	5410.00	5241.00	0.67 times
27 Thu Jun 2024	5348.30	5082.00	5475.00	5076.95	1.149 times
26 Wed Jun 2024	5147.15	5150.00	5189.90	5050.00	0.845 times
25 Tue Jun 2024	5115.65	5239.95	5265.40	5091.00	0.593 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 5618, for a target of 5430.2 or 5273.72

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
Downside Target	5419.00
Downside Target	5531.00
Downside Target	5569.00
Downside Target	5620.50
Upside Target	5699.95
Upside Target	5789.00
Upside Target	5839.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	5577.98
Downside Intraday Target	5489.52
Upside Intraday Target	5797.43
Upside Intraday Target	5928.42
Upside Intraday Target	5708.97

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	5666.45	5655.75	5839.95	5620.50	0.247 times
05 Fri Jul 2024	5631.05	5368.10	5789.00	5143.95	1.493 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

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
08 Mon Jul 2024	5666.45	5368.10	5839.95	5143.95	0.273 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 up 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 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 gaining momentum.

MACD generated a BUY signal for Thermax in short term and the buy signal is strong.

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

Thermax Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 5432.61 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.