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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 2024-07-11 View latest technical analysis

10 day averaged volume of Thermax is 150209

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	5230.30	5250.00	5330.00	5159.05	1.148 times
10 Wed Jul 2024	5326.95	5550.00	5550.00	5307.00	0.664 times
09 Tue Jul 2024	5561.25	5694.00	5815.00	5531.60	0.523 times
08 Mon Jul 2024	5666.45	5655.75	5839.95	5620.50	1.405 times
05 Fri Jul 2024	5631.05	5289.95	5789.00	5289.95	3.469 times
04 Thu Jul 2024	5289.00	5320.00	5355.00	5258.55	0.318 times
03 Wed Jul 2024	5294.55	5220.00	5349.00	5151.50	0.333 times
02 Tue Jul 2024	5168.65	5309.95	5320.95	5143.95	1.268 times
01 Mon Jul 2024	5298.15	5368.10	5368.15	5241.10	0.294 times
28 Fri Jun 2024	5351.00	5305.25	5410.00	5241.00	0.636 times

My analysis of stock is bearish for shortterm, and stock might move down till 5127.8 or till 4931.1. Use a stoploss of 5291.74 and if the stock hits stoploss, then it can shoot up till 5455.66

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	5419.00
Upside Target	5475.00
Upside Target	5531.00
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	4979.58
Downside Intraday Target	4728.87
Upside Intraday Target	5660.48
Upside Intraday Target	6090.67
Upside Intraday Target	5409.77

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	5230.30	5655.75	5839.95	5159.05	0.658 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
11 Thu Jul 2024	5230.30	5368.10	5839.95	5143.95	0.363 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 SELL. 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. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 5458.85 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.