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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 2024-08-02 View latest technical analysis

10 day averaged volume of Thermax is 92336

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	4984.30	5139.05	5195.90	4950.00	3.033 times
01 Thu Aug 2024	5180.20	5082.80	5215.05	5057.90	0.957 times
31 Wed Jul 2024	5071.80	5059.00	5116.00	5021.20	1.028 times
30 Tue Jul 2024	5059.00	5073.80	5090.90	5039.00	0.379 times
29 Mon Jul 2024	5050.25	5120.00	5145.25	5033.05	0.511 times
26 Fri Jul 2024	5068.95	4950.05	5086.00	4950.00	0.646 times
25 Thu Jul 2024	4942.60	4934.05	5025.00	4899.05	0.386 times
24 Wed Jul 2024	4940.05	5026.05	5068.00	4903.05	0.638 times
23 Tue Jul 2024	4973.75	4979.80	5048.30	4801.55	0.803 times
22 Mon Jul 2024	4978.00	4955.25	5015.00	4940.05	3.152 times

Stock of Thermax (THERMAX) has showed a significant fall. This could be a good time to exit from this stock.

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 4933.3 as stoploss in an intra day buy trade for a target of 5156. However, stock will show a bearish move below 4933.3.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4210.10
Downside Target	4412.10
Downside Target	4801.55
Upside Target	5086.00
Upside Target	5215.05
Upside Target	5300.00
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	4884.52
Downside Intraday Target	4784.73
Upside Intraday Target	5149.57
Upside Intraday Target	5314.83
Upside Intraday Target	5049.78

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	4984.30	5120.00	5215.05	4950.00	1.05 times
26 Fri Jul 2024	5068.95	4955.25	5086.00	4801.55	0.869 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

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 Fri Aug 2024	4984.30	5082.80	5215.05	4950.00	0.133 times
31 Wed Jul 2024	5071.80	5368.10	5839.95	4801.55	0.708 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

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 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 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 Weak and stock is gaining momentum.

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

Thermax Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 SELL signal for Thermax in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 5012.18 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 is giving positive 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.