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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 2024-09-09 View latest technical analysis

10 day averaged volume of Thermax is 91787

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	4323.65	4330.40	4404.00	4280.10	1.92 times
06 Fri Sep 2024	4330.40	4290.60	4393.80	4287.25	0.692 times
05 Thu Sep 2024	4279.45	4345.70	4345.70	4265.00	0.655 times
04 Wed Sep 2024	4326.95	4359.00	4372.45	4290.00	0.571 times
03 Tue Sep 2024	4382.45	4389.00	4447.85	4353.00	0.521 times
02 Mon Sep 2024	4384.70	4393.30	4404.40	4353.00	0.733 times
30 Fri Aug 2024	4372.80	4370.00	4447.20	4330.00	1.929 times
29 Thu Aug 2024	4360.00	4465.20	4469.35	4337.15	0.509 times
28 Wed Aug 2024	4446.20	4494.00	4494.00	4390.00	1.372 times
27 Tue Aug 2024	4439.20	4435.65	4500.00	4425.90	2.036 times

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 4301.1 as stoploss in an intra day buy trade for a target of 4378.44. However, stock will show a bearish move below 4301.1.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Upside Target	4447.85
Upside Target	4500.00
Upside Target	4630.00
Upside Target	4801.55
Upside Target	4930.80
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	4267.83
Downside Intraday Target	4212.02
Upside Intraday Target	4391.73
Upside Intraday Target	4459.82
Upside Intraday Target	4335.92

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	4323.65	4330.40	4404.00	4280.10	0.605 times
06 Fri Sep 2024	4330.40	4393.30	4447.85	4265.00	0.465 times
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

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
09 Mon Sep 2024	4323.65	4393.30	4447.85	4265.00	0.161 times
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

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 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 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 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 but selling is losing 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 4375.73 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.