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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 2024-08-16 View latest technical analysis

10 day averaged volume of Thermax is 143593

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	4377.00	4312.75	4435.00	4310.00	2.45 times
14 Wed Aug 2024	4301.10	4323.45	4331.75	4231.85	0.489 times
13 Tue Aug 2024	4314.00	4256.00	4395.00	4253.00	0.693 times
12 Mon Aug 2024	4257.00	4357.00	4361.05	4171.35	1.887 times
09 Fri Aug 2024	4356.40	4400.00	4515.95	4301.05	0.791 times
08 Thu Aug 2024	4358.40	4409.45	4488.00	4345.00	0.471 times
07 Wed Aug 2024	4390.35	4475.00	4536.90	4367.95	0.894 times
06 Tue Aug 2024	4450.30	4575.25	4629.95	4430.00	1.393 times
05 Mon Aug 2024	4543.30	4900.00	4923.90	4503.50	0.817 times
02 Fri Aug 2024	4984.30	5139.05	5195.90	4950.00	1.95 times

Stock of Thermax (THERMAX) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4397.5, but if it comes above 4397.5, then a intra day buy could be more profitable.
If you take a sell trade below 4397.5, then use 4397.5 as stoploss and 4000.4 as target. However if you take a buy trade in stock , then use 4397.5 as stoploss and 4728.46 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4301.05
Upside Target	4412.10
Upside Target	4801.55
Upside Target	4978.90
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	4220.57
Downside Intraday Target	4064.13
Upside Intraday Target	4484.22
Upside Intraday Target	4591.43
Downside Intraday Target	4327.78

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	4377.00	4357.00	4435.00	4171.35	1.264 times
09 Fri Aug 2024	4356.40	4900.00	4923.90	4301.05	1.149 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

Price has moved up 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
16 Fri Aug 2024	4377.00	5082.80	5215.05	4171.35	0.647 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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.

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 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 moving up

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 4470.12 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.