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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 2024-08-30 View latest technical analysis

10 day averaged volume of Thermax is 129287

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	4372.80	4370.00	4447.20	4330.00	1.369 times
29 Thu Aug 2024	4360.00	4465.20	4469.35	4337.15	0.361 times
28 Wed Aug 2024	4446.20	4494.00	4494.00	4390.00	0.974 times
27 Tue Aug 2024	4439.20	4435.65	4500.00	4425.90	1.445 times
26 Mon Aug 2024	4435.65	4465.05	4494.95	4332.55	0.697 times
23 Fri Aug 2024	4481.05	4566.00	4630.00	4461.35	0.75 times
22 Thu Aug 2024	4568.70	4500.00	4596.65	4500.00	1.321 times
21 Wed Aug 2024	4497.50	4356.60	4550.00	4356.60	0.902 times
20 Tue Aug 2024	4376.95	4332.15	4410.25	4290.60	0.353 times
19 Mon Aug 2024	4314.00	4448.85	4448.85	4288.80	0.476 times

My analysis of stock is bearish for shortterm, and stock might move down till 4281.8 or till 4102.5. Use a stoploss of 4431.21 and if the stock hits stoploss, then it can shoot up till 4580.64

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Upside Target	4630.00
Upside Target	4801.55
Upside Target	4923.90
Upside Target	4930.80
Upside Target	4950.00
Upside Target	4978.90
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	4301.87
Downside Intraday Target	4230.93
Upside Intraday Target	4471.87
Upside Intraday Target	4570.93
Upside Intraday Target	4400.93

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	4372.80	4465.05	4500.00	4330.00	1.275 times
23 Fri Aug 2024	4481.05	4448.85	4630.00	4288.80	0.62 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

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
30 Fri Aug 2024	4372.80	5082.80	5215.05	4171.35	1.051 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 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 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 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 gaining 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 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 moving up

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 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 4445.93 and Thermax (THERMAX) stock is trading below this level. This means that stock is falling with high volumes. 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 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.