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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 75928

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Jan 2026	2920.60	2900.00	2959.90	2900.00	0.895 times
22 Thu Jan 2026	2908.30	2934.90	2947.50	2897.70	0.58 times
21 Wed Jan 2026	2929.40	2909.90	2943.00	2847.80	0.959 times
20 Tue Jan 2026	2921.40	2925.00	2960.40	2895.40	0.956 times
19 Mon Jan 2026	2937.70	2950.40	2956.80	2926.70	0.363 times
16 Fri Jan 2026	2970.30	2947.00	2975.00	2920.00	0.863 times
14 Wed Jan 2026	2971.80	2951.00	2986.20	2940.50	0.376 times
13 Tue Jan 2026	2964.20	2942.00	2975.80	2925.60	0.849 times
12 Mon Jan 2026	2949.40	3020.00	3049.00	2919.90	1.169 times
09 Fri Jan 2026	3023.40	3050.00	3050.00	2986.10	1.73 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2940.7, but if it comes above 2940.7, then a intra day buy could be more profitable.
If you take a sell trade below 2940.7, then use 2940.7 as stoploss and 2873.7 as target. However if you take a buy trade in stock , then use 2940.7 as stoploss and 2996.59 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2742.70
Downside Target	2840.00
Downside Target	2919.90
Upside Target	3080.00
Upside Target	3100.00
Upside Target	3120.00
Upside Target	3121.00
Upside Target	3316.00
Upside Target	3353.00
Upside Target	3490.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	2858.8
Downside Intraday Target	2797
Upside Intraday Target	2971.4
Upside Intraday Target	3022.2
Downside Intraday Target	2909.6

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Jan 2026	2920.60	2950.40	2960.40	2847.80	1.152 times
16 Fri Jan 2026	2970.30	3020.00	3049.00	2919.90	0.375 times
09 Fri Jan 2026	3023.40	3039.90	3120.00	2986.10	1.571 times
02 Fri Jan 2026	3025.90	3020.50	3080.00	2942.10	1.04 times
26 Fri Dec 2025	3012.40	2889.90	3017.10	2859.60	1.145 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
23 Fri Jan 2026	2920.60	3023.10	3120.00	2847.80	0.557 times
31 Wed Dec 2025	3022.60	2949.30	3041.00	2742.70	1.013 times
28 Fri Nov 2025	2920.10	3226.90	3316.00	2840.00	1.491 times
31 Fri Oct 2025	3218.80	3170.30	3353.00	3100.00	0.705 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 green color and prices are in or below the green 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 2957.09 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.