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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.

Showing technical analysis as on 2025-05-02 View latest technical analysis

10 day averaged volume of Thermax is 117714

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri May 2025	3241.20	3284.90	3305.00	3230.00	0.512 times
30 Wed Apr 2025	3291.30	3346.50	3394.80	3221.00	0.887 times
29 Tue Apr 2025	3346.40	3438.00	3438.00	3328.00	0.721 times
28 Mon Apr 2025	3410.70	3444.00	3524.00	3394.30	0.678 times
25 Fri Apr 2025	3444.00	3628.80	3628.80	3410.10	1.11 times
24 Thu Apr 2025	3636.20	3497.00	3728.50	3497.00	4.079 times
23 Wed Apr 2025	3449.60	3470.00	3481.00	3402.00	0.365 times
22 Tue Apr 2025	3448.90	3421.60	3481.00	3421.00	0.712 times
21 Mon Apr 2025	3421.60	3438.90	3450.80	3385.00	0.271 times
17 Thu Apr 2025	3394.40	3335.00	3412.60	3311.50	0.368 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 3223.8 as stoploss in an intra day buy trade for a target of 3376.19. However, stock will show a bearish move below 3223.8.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2950.05
Downside Target	3011.95
Downside Target	3112.90
Downside Target	3221.00
Upside Target	3305.00
Upside Target	3524.00
Upside Target	3638.50
Upside Target	3728.50
Upside Target	3790.05
Upside Target	3950.00
Upside Target	4316.95

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	3133.47
Downside Intraday Target	3025.73
Upside Intraday Target	3436.47
Upside Intraday Target	3631.73
Upside Intraday Target	3328.73

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri May 2025	3241.20	3444.00	3524.00	3221.00	0.428 times
25 Fri Apr 2025	3444.00	3438.90	3728.50	3385.00	2.831 times
17 Thu Apr 2025	3394.40	3179.20	3412.60	3112.90	0.64 times
11 Fri Apr 2025	3085.45	3011.95	3365.95	3011.95	1.776 times
04 Fri Apr 2025	3546.20	3635.00	3638.50	3450.00	0.245 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
02 Fri May 2025	3241.20	3284.90	3305.00	3230.00	0.031 times
30 Wed Apr 2025	3291.30	3635.00	3728.50	3011.95	0.663 times
28 Fri Mar 2025	3654.10	3263.05	3950.00	3125.80	0.849 times
28 Fri Feb 2025	3248.50	3790.05	3790.05	2950.05	1.243 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 neutral. A longer time frame might give a better analysis.

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 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 BUY signal in short term and the buying is gaining 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 3488.61 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.