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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 108092

Date Daily Closing Price Open High Low Volume
30 Thu Nov 2023 2535.00 2527.00 2644.95 2500.25 11.47 times
29 Wed Nov 2023 2519.15 2590.00 2624.15 2501.00 2.359 times
28 Tue Nov 2023 2574.55 2653.10 2653.15 2541.00 2.564 times
24 Fri Nov 2023 2625.90 2628.75 2669.75 2616.10 0.586 times
23 Thu Nov 2023 2620.00 2611.00 2666.00 2611.00 0.722 times
22 Wed Nov 2023 2612.75 2710.00 2710.90 2605.00 1.03 times
21 Tue Nov 2023 2687.75 2820.00 2832.00 2681.00 1.42 times
20 Mon Nov 2023 2787.85 2834.90 2910.20 2775.00 0.478 times
17 Fri Nov 2023 2830.35 2869.00 2927.70 2812.10 0.486 times
16 Thu Nov 2023 2865.20 2890.00 2907.70 2852.00 0.215 times

Stock of Thermax (THERMAX) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2639.9, but if it comes above 2639.9, then a intra day buy could be more profitable.
If you take a sell trade below 2639.9, then use 2639.9 as stoploss and 2463 as target. However if you take a buy trade in stock , then use 2639.9 as stoploss and 2787.37 as target.

Share price targets for Thermax (THERMAX)

Target Type Value
Downside Target 2231.85
Downside Target 2450.05
Downside Target 2500.25
Upside Target 2605.00
Upside Target 2848.15
Upside Target 2910.20
Upside Target 2969.95
Upside Target 2996.55
Upside Target 3025.00
Upside Target 3176.95
Upside Target 3230.00

Intraday share price targets for Thermax (THERMAX)

Target Type Value
Downside Intraday Target 2472.45
Downside Intraday Target 2409.9
Upside Intraday Target 2625.35
Upside Intraday Target 2715.7
Upside Intraday Target 2562.8

Weekly technical analysis of Thermax (THERMAX)

Date Weekly Closing Price Open High Low Volume
30 Thu Nov 2023 2535.00 2653.10 2653.15 2500.25 3.87 times
24 Fri Nov 2023 2625.90 2834.90 2910.20 2605.00 4.263 times
17 Fri Nov 2023 2830.35 2899.70 2969.95 2812.10 0.493 times
10 Fri Nov 2023 2894.75 2990.00 3025.00 2846.70 0.962 times
03 Fri Nov 2023 2941.35 2787.00 2996.55 2765.50 0.955 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Thermax (THERMAX)

Date Monthly Closing Price Open High Low Volume
30 Thu Nov 2023 2535.00 2831.70 3025.00 2500.25 1.975 times
31 Tue Oct 2023 2831.70 3110.40 3230.00 2755.30 1.033 times
29 Fri Sep 2023 3110.50 2802.05 3176.95 2702.15 0.835 times
31 Thu Aug 2023 2808.90 2618.00 2848.15 2450.05 1.056 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Thermax in short term but BUY signal is weak.

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

Stock of Thermax is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2573.02 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.

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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Thermax in short term but BUY signal is weak.

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

Stock of Thermax is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2573.02 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.

Click here for Thermax charts

Click here for further forecast and predictions for tomorrow

Daily charts

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