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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 2024-12-03 View latest technical analysis

10 day averaged volume of Thermax is 154419

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	4822.15	4686.30	4844.00	4680.00	0.704 times
02 Mon Dec 2024	4682.55	4596.50	4714.95	4555.00	0.456 times
29 Fri Nov 2024	4590.10	4550.00	4620.10	4449.00	0.63 times
28 Thu Nov 2024	4575.00	4645.00	4696.45	4551.15	0.374 times
27 Wed Nov 2024	4611.35	4624.90	4674.95	4550.00	0.49 times
26 Tue Nov 2024	4633.95	4453.15	4670.00	4448.55	0.749 times
25 Mon Nov 2024	4448.55	4505.00	4586.35	4357.00	3.009 times
22 Fri Nov 2024	4488.70	4368.75	4535.00	4329.00	0.978 times
21 Thu Nov 2024	4368.75	4550.00	4585.45	4311.15	1.903 times
19 Tue Nov 2024	4632.55	4872.55	4880.00	4601.00	0.794 times

My analysis of stock is bullish for shortterm, and stock might move up till 5064.7 or till 5368.3. Use a stoploss of 4811.69 and if this stock hits its stoploss, then it can fall down till 4558.7

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	4171.35
Downside Target	4265.00
Downside Target	4555.00
Downside Target	4696.45
Downside Target	4809.00
Upside Target	5165.70
Upside Target	5187.35
Upside Target	5215.05
Upside Target	5355.00
Upside Target	5575.05
Upside Target	5719.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4636.77
Downside Intraday Target	4451.38
Upside Intraday Target	4925.77
Upside Intraday Target	5029.38
Downside Intraday Target	4740.38

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	4822.15	4596.50	4844.00	4555.00	0.221 times
29 Fri Nov 2024	4590.10	4505.00	4696.45	4357.00	1.224 times
22 Fri Nov 2024	4488.70	5100.00	5165.70	4311.15	2.238 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

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
03 Tue Dec 2024	4822.15	4596.50	4844.00	4555.00	0.088 times
29 Fri Nov 2024	4590.10	4992.65	5355.00	4311.15	1.209 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

Scroll below to view daily charts

Price has moved up 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but selling is losing 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 4523.74 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 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.