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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 2024-07-09 View latest technical analysis

10 day averaged volume of Thermax is 152868

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	5561.25	5694.00	5815.00	5531.60	0.514 times
08 Mon Jul 2024	5666.45	5655.75	5839.95	5620.50	1.38 times
05 Fri Jul 2024	5631.05	5289.95	5789.00	5289.95	3.409 times
04 Thu Jul 2024	5289.00	5320.00	5355.00	5258.55	0.312 times
03 Wed Jul 2024	5294.55	5220.00	5349.00	5151.50	0.328 times
02 Tue Jul 2024	5168.65	5309.95	5320.95	5143.95	1.246 times
01 Mon Jul 2024	5298.15	5368.10	5368.15	5241.10	0.289 times
28 Fri Jun 2024	5351.00	5305.25	5410.00	5241.00	0.625 times
27 Thu Jun 2024	5348.30	5082.00	5475.00	5076.95	1.071 times
26 Wed Jun 2024	5147.15	5150.00	5189.90	5050.00	0.788 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5459.8, but if it comes below 5459.8, then a intra day sell could be more profitable.
If you take a sell trade below 5459.8, then use 5459.8 as stoploss and 5293.7 as target. However if you take a buy trade in stock , then use 5459.8 as stoploss and 5659.2 as target.

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	5531.60
Upside Target	5569.00
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	5448.58
Downside Intraday Target	5335.92
Upside Intraday Target	5756.93
Upside Intraday Target	5952.62
Upside Intraday Target	5644.27

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	5561.25	5655.75	5839.95	5531.60	0.339 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 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
09 Tue Jul 2024	5561.25	5368.10	5839.95	5143.95	0.293 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 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 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 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 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

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 5456.84 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.