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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 2025-01-09 View latest technical analysis

10 day averaged volume of Thermax is 135856

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu Jan 2025	3900.25	4000.00	4003.95	3876.65	0.36 times
08 Wed Jan 2025	3982.30	4133.40	4133.40	3970.00	0.38 times
07 Tue Jan 2025	4097.40	4181.85	4204.80	4081.55	0.426 times
06 Mon Jan 2025	4153.55	4197.00	4220.25	4134.90	0.547 times
03 Fri Jan 2025	4139.70	4098.70	4316.95	4090.00	2.534 times
02 Thu Jan 2025	4058.10	3961.35	4149.95	3956.00	1.205 times
01 Wed Jan 2025	3933.45	4061.65	4061.65	3901.05	0.548 times
31 Tue Dec 2024	4039.75	3960.00	4088.85	3913.00	1.558 times
30 Mon Dec 2024	3913.10	4400.00	4409.95	3815.00	2.287 times
27 Fri Dec 2024	4386.25	4477.85	4495.50	4365.10	0.234 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4029.6, but if it comes above 4029.6, then a intra day buy could be more profitable.
If you take a sell trade below 4029.6, then use 4029.6 as stoploss and 3621.5 as target. However if you take a buy trade in stock , then use 4029.6 as stoploss and 4369.75 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	3815.00
Upside Target	4220.25
Upside Target	4614.75
Upside Target	4670.95
Upside Target	4809.00
Upside Target	4836.70
Upside Target	4989.00
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	3777.85
Downside Intraday Target	3655.45
Upside Intraday Target	4121.45
Upside Intraday Target	4342.65
Upside Intraday Target	3999.05

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu Jan 2025	3900.25	4197.00	4220.25	3876.65	0.211 times
03 Fri Jan 2025	4139.70	4400.00	4409.95	3815.00	7.198 times
27 Fri Dec 2024	4386.25	4654.00	4670.95	4361.90	0.224 times
20 Fri Dec 2024	4653.35	4836.70	4989.00	4482.55	1.771 times
13 Fri Dec 2024	4790.95	4676.05	4836.70	4614.75	1.068 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 Thu Jan 2025	3900.25	4061.65	4316.95	3876.65	0.387 times
31 Tue Dec 2024	4039.75	4596.50	4989.00	3815.00	1.032 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Thermax ( (THERMAX) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 gaining 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 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 4042.06 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.