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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 2024-11-18 View latest technical analysis

10 day averaged volume of Thermax is 56885

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	4859.45	5100.00	5165.70	4780.00	1.673 times
14 Thu Nov 2024	5003.85	4998.90	5119.70	4893.00	2.199 times
13 Wed Nov 2024	4908.10	5105.20	5107.70	4888.35	0.72 times
12 Tue Nov 2024	5111.70	5280.00	5355.00	5095.00	1.259 times
11 Mon Nov 2024	5214.95	5108.95	5287.95	5086.50	1.027 times
08 Fri Nov 2024	5131.00	5086.00	5187.35	5067.05	0.542 times
07 Thu Nov 2024	5101.70	5103.45	5163.80	5085.00	0.526 times
06 Wed Nov 2024	5085.95	5040.00	5124.70	5019.10	1.886 times
05 Tue Nov 2024	5011.20	4952.15	5037.80	4901.30	0.926 times
04 Mon Nov 2024	4952.15	4936.00	5049.95	4915.55	0.797 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4946.5, but if it comes above 4946.5, then a intra day buy could be more profitable.
If you take a sell trade below 4946.5, then use 4946.5 as stoploss and 4783.5 as target. However if you take a buy trade in stock , then use 4946.5 as stoploss and 5082.32 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4780.00
Upside Target	5165.70
Upside Target	5215.05
Upside Target	5355.00
Upside Target	5450.00
Upside Target	5575.05
Upside Target	5719.00
Upside Target	5839.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4704.4
Downside Intraday Target	4549.35
Upside Intraday Target	5090.1
Upside Intraday Target	5320.75
Upside Intraday Target	4935.05

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	4859.45	5100.00	5165.70	4780.00	0.322 times
14 Thu Nov 2024	5003.85	5108.95	5355.00	4888.35	1.113 times
08 Fri Nov 2024	5131.00	4936.00	5187.35	4901.30	0.493 times
01 Fri Nov 2024	4996.95	5429.95	5719.00	4902.05	1.152 times
25 Fri Oct 2024	5431.15	5198.50	5450.00	4960.95	2.329 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
18 Mon Nov 2024	4859.45	4992.65	5355.00	4780.00	0.393 times
31 Thu Oct 2024	4925.45	5100.20	5719.00	4809.00	0.604 times
30 Mon Sep 2024	5100.20	4393.30	5575.05	4265.00	0.963 times
30 Fri Aug 2024	4372.80	5082.80	5215.05	4171.35	1.051 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 SELL signal for Thermax in short term and the sell signal is strong.

Thermax Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 5028.33 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.