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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)

10 day averaged volume of Thermax is 8725

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 4940.50 5000.00 5025.30 4905.00 0.577 times
16 Thu May 2024 4944.30 5105.05 5238.65 4920.00 2.28 times
15 Wed May 2024 5088.85 4725.00 5347.15 4725.00 3.496 times
14 Tue May 2024 4692.45 4650.00 4835.00 4649.95 0.629 times
13 Mon May 2024 4608.05 4672.30 4672.30 4540.80 0.485 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4837.5, but if it comes below 4837.5, then a intra day sell could be more profitable.
If you take a sell trade below 4837.5, then use 4837.5 as stoploss and 4644.1 as target. However if you take a buy trade in stock , then use 4837.5 as stoploss and 5069.5 as target.

Share price targets for Thermax (Thermax)

Target Type Value
Downside Target 2979.20
Downside Target 3050.00
Downside Target 3266.90
Downside Target 3411.00
Downside Target 3890.00
Downside Target 4214.40
Downside Target 4395.30
Downside Target 4511.00
Downside Target 4779.90
Downside Target 4877.95
Upside Target 4979.95
Upside Target 5347.15

Intraday share price targets for Thermax (Thermax)

Target Type Value
Downside Intraday Target 4538.48
Downside Intraday Target 4136.47
Upside Intraday Target 5344.83
Upside Intraday Target 5749.17
Upside Intraday Target 4942.82

Weekly technical analysis of Thermax (Thermax)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 4940.50 4672.30 5347.15 4540.80 2.949 times
10 Fri May 2024 4581.05 4728.35 4779.90 4412.15 0.703 times
03 Fri May 2024 4761.10 4448.65 4798.75 4395.30 0.976 times
26 Fri Apr 2024 4366.75 4852.95 4979.95 4259.50 1.09 times
19 Fri Apr 2024 4814.60 4515.05 4877.95 4511.00 2.7 times

Price has moved up 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
17 Fri May 2024 4940.50 4686.25 5347.15 4412.15 0.96 times
30 Tue Apr 2024 4670.70 4214.40 4979.95 4214.40 1.26 times
28 Thu Mar 2024 4195.50 3563.10 4288.00 3411.00 0.732 times
29 Thu Feb 2024 3635.80 3200.05 3890.00 3050.00 0.468 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 33, 11, 51 Buy
MACD 337, 309Buy
Stochastics 62None
CCI 88Sell
RSI 55Buy
OBV 35392Sell
VWAP 4876Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

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 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 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Thermax in short term and the buy signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 4876.1 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 is giving positive 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.

Click here for Thermax charts

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