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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 2024-07-24 View latest technical analysis

10 day averaged volume of Thermax is 136883

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	4940.05	5026.05	5068.00	4903.05	0.43 times
23 Tue Jul 2024	4973.75	4979.80	5048.30	4801.55	0.542 times
22 Mon Jul 2024	4978.00	4955.25	5015.00	4940.05	2.126 times
19 Fri Jul 2024	4972.35	4980.55	5020.00	4840.00	1.012 times
18 Thu Jul 2024	4962.35	5089.55	5135.00	4905.15	1.275 times
16 Tue Jul 2024	5098.60	5170.00	5235.00	5050.55	0.924 times
15 Mon Jul 2024	5169.55	5252.25	5300.00	5096.05	1.153 times
12 Fri Jul 2024	5252.25	5275.00	5330.00	5203.20	0.405 times
11 Thu Jul 2024	5230.30	5250.00	5330.00	5159.05	1.26 times
10 Wed Jul 2024	5326.95	5550.00	5550.00	5307.00	0.729 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5021.5, but if it comes above 5021.5, then a intra day buy could be more profitable.
If you take a sell trade below 5021.5, then use 5021.5 as stoploss and 4767.7 as target. However if you take a buy trade in stock , then use 5021.5 as stoploss and 5232.99 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	4801.55
Upside Target	5159.05
Upside Target	5300.00
Upside Target	5475.00
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	4805.07
Downside Intraday Target	4670.08
Upside Intraday Target	5071.52
Upside Intraday Target	5202.98
Downside Intraday Target	4936.53

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	4940.05	4955.25	5068.00	4801.55	0.71 times
19 Fri Jul 2024	4972.35	5252.25	5300.00	4840.00	0.968 times
12 Fri Jul 2024	5252.25	5655.75	5839.95	5159.05	0.723 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

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
24 Wed Jul 2024	4940.05	5368.10	5839.95	4801.55	0.638 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Thermax ( (THERMAX) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Thermax ( (THERMAX) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Thermax in short term and the sell signal is strong.

Thermax Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Thermax in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY 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 5076.56 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.