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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.

10 day averaged volume of Thermax is 173284

Date	Daily Closing Price	Open	High	Low	Volume
17 Mon Feb 2025	3011.45	3080.00	3107.70	2950.05	0.652 times
14 Fri Feb 2025	3109.00	3141.00	3203.00	3051.15	0.453 times
13 Thu Feb 2025	3177.50	3167.50	3260.50	3163.10	0.412 times
12 Wed Feb 2025	3181.60	3133.00	3257.70	3062.00	1.068 times
11 Tue Feb 2025	3165.30	3246.00	3262.50	3103.00	0.741 times
10 Mon Feb 2025	3278.90	3351.00	3387.10	3260.00	0.361 times
07 Fri Feb 2025	3388.05	3292.00	3424.00	3265.00	0.658 times
06 Thu Feb 2025	3315.50	3349.65	3356.90	3233.60	1.105 times
05 Wed Feb 2025	3345.05	3456.00	3500.00	3325.00	1.836 times
04 Tue Feb 2025	3542.05	3650.15	3689.95	3456.00	1.613 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2896.6, for a target of 3220 or 3489.56

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2950.05
Upside Target	3051.15
Upside Target	3233.60
Upside Target	3387.10
Upside Target	3460.10
Upside Target	3690.10
Upside Target	3790.05
Upside Target	3992.60
Upside Target	4311.15
Upside Target	4316.95
Upside Target	4809.00
Upside Target	4989.00
Upside Target	5355.00
Upside Target	5719.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	2938.43
Downside Intraday Target	2865.42
Upside Intraday Target	3096.08
Upside Intraday Target	3180.72
Upside Intraday Target	3023.07

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Mon Feb 2025	3011.45	3080.00	3107.70	2950.05	0.215 times
14 Fri Feb 2025	3109.00	3351.00	3387.10	3051.15	0.436 times
07 Fri Feb 2025	3388.05	3790.05	3790.05	3233.60	3.346 times
31 Fri Jan 2025	3863.60	3714.00	3992.60	3460.10	0.746 times
24 Fri Jan 2025	3722.10	3964.00	4048.75	3690.10	0.48 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
17 Mon Feb 2025	3011.45	3790.05	3790.05	2950.05	0.655 times
31 Fri Jan 2025	3863.60	4061.65	4316.95	3460.10	1.337 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

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 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 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 3298.8 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.