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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 209356

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	4300.30	4485.00	4485.00	4260.00	0.709 times
24 Wed Apr 2024	4436.40	4594.90	4636.75	4392.10	0.928 times
23 Tue Apr 2024	4544.95	4602.65	4750.00	4510.30	1.38 times
22 Mon Apr 2024	4602.65	4849.00	4978.90	4573.90	1.08 times
19 Fri Apr 2024	4811.90	4742.70	4877.00	4717.55	1.589 times
18 Thu Apr 2024	4742.70	4693.00	4780.00	4641.05	0.952 times
16 Tue Apr 2024	4672.05	4730.00	4809.90	4642.45	0.648 times
15 Mon Apr 2024	4709.05	4544.60	4875.00	4450.00	2.23 times
12 Fri Apr 2024	4544.60	4503.00	4573.85	4503.00	0.366 times
10 Wed Apr 2024	4544.15	4602.50	4609.60	4521.50	0.309 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 4286.5 as stoploss in an intra day buy trade for a target of 4477.03. However, stock will show a bearish move below 4286.5.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2559.00
Downside Target	2977.00
Downside Target	3049.55
Downside Target	3167.80
Downside Target	3268.00
Downside Target	3408.95
Downside Target	3894.95
Downside Target	4210.10
Upside Target	4450.00
Upside Target	4639.90
Upside Target	4685.50
Upside Target	4877.00
Upside Target	4978.90

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	4047.23
Downside Intraday Target	3794.17
Upside Intraday Target	4766.13
Upside Intraday Target	5231.97
Upside Intraday Target	4513.07

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	4300.30	4849.00	4978.90	4260.00	0.756 times
19 Fri Apr 2024	4811.90	4544.60	4877.00	4450.00	2.799 times
12 Fri Apr 2024	4544.60	4554.55	4685.50	4500.00	0.475 times
05 Fri Apr 2024	4518.45	4210.10	4639.90	4210.10	1.814 times
28 Thu Mar 2024	4192.35	3920.00	4288.65	3899.00	0.712 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
25 Thu Apr 2024	4300.30	4210.10	4978.90	4210.10	1.268 times
28 Thu Mar 2024	4192.35	3637.25	4288.65	3408.95	0.979 times
29 Thu Feb 2024	3637.25	3197.70	3894.95	3049.55	2.249 times
31 Wed Jan 2024	3181.25	3099.70	3268.00	2977.00	0.332 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 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 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 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 but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 4628.21 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.