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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 2024-08-05 View latest technical analysis

10 day averaged volume of Thermax is 106489

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	4543.30	4900.00	4923.90	4503.50	1.102 times
02 Fri Aug 2024	4984.30	5139.05	5195.90	4950.00	2.63 times
01 Thu Aug 2024	5180.20	5082.80	5215.05	5057.90	0.83 times
31 Wed Jul 2024	5071.80	5059.00	5116.00	5021.20	0.891 times
30 Tue Jul 2024	5059.00	5073.80	5090.90	5039.00	0.329 times
29 Mon Jul 2024	5050.25	5120.00	5145.25	5033.05	0.443 times
26 Fri Jul 2024	5068.95	4950.05	5086.00	4950.00	0.56 times
25 Thu Jul 2024	4942.60	4934.05	5025.00	4899.05	0.334 times
24 Wed Jul 2024	4940.05	5026.05	5068.00	4903.05	0.553 times
23 Tue Jul 2024	4973.75	4979.80	5048.30	4801.55	0.696 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 4589.9, for a target of 4869 or 5101.61

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4210.10
Downside Target	4412.10
Downside Target	4503.50
Upside 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	5839.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4389.9
Downside Intraday Target	4236.5
Upside Intraday Target	4810.3
Upside Intraday Target	5077.3
Upside Intraday Target	4656.9

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	4543.30	4900.00	4923.90	4503.50	0.215 times
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

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
05 Mon Aug 2024	4543.30	5082.80	5215.05	4503.50	0.176 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Thermax stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 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 and SELL signal is strong!

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 4961.6 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.