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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 2024-08-22 View latest technical analysis

10 day averaged volume of Thermax is 132572

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	4568.70	4500.00	4596.65	4500.00	1.288 times
21 Wed Aug 2024	4497.50	4356.60	4550.00	4356.60	0.88 times
20 Tue Aug 2024	4376.95	4332.15	4410.25	4290.60	0.344 times
19 Mon Aug 2024	4314.00	4448.85	4448.85	4288.80	0.464 times
16 Fri Aug 2024	4377.00	4312.75	4435.00	4310.00	2.654 times
14 Wed Aug 2024	4301.10	4323.45	4331.75	4231.85	0.529 times
13 Tue Aug 2024	4314.00	4256.00	4395.00	4253.00	0.751 times
12 Mon Aug 2024	4257.00	4357.00	4361.05	4171.35	2.044 times
09 Fri Aug 2024	4356.40	4400.00	4515.95	4301.05	0.857 times
08 Thu Aug 2024	4358.40	4409.45	4488.00	4345.00	0.51 times

My analysis of stock is bearish for shortterm, and stock might move down till 4297.9 or till 3907.6. Use a stoploss of 4623.11 and if the stock hits stoploss, then it can shoot up till 4948.36

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4412.10
Upside Target	4596.65
Upside Target	4801.55
Upside Target	4923.90
Upside Target	4978.90
Upside Target	5086.00
Upside Target	5215.05
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	4372.78
Downside Intraday Target	4176.87
Upside Intraday Target	4680.63
Upside Intraday Target	4792.57
Downside Intraday Target	4484.72

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	4568.70	4448.85	4596.65	4288.80	0.498 times
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

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
22 Thu Aug 2024	4568.70	5082.80	5215.05	4171.35	0.789 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Thermax in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Thermax in short term and BUY 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 4373.49 and Thermax (THERMAX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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.