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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 2026-01-14 View latest technical analysis

10 day averaged volume of Thermax is 105940

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Jan 2026	2971.80	2951.00	2986.20	2940.50	0.27 times
13 Tue Jan 2026	2964.20	2942.00	2975.80	2925.60	0.609 times
12 Mon Jan 2026	2949.40	3020.00	3049.00	2919.90	0.838 times
09 Fri Jan 2026	3023.40	3050.00	3050.00	2986.10	1.24 times
08 Thu Jan 2026	3061.40	3080.00	3120.00	3042.60	1.543 times
07 Wed Jan 2026	3069.30	3100.00	3100.50	3020.00	1.495 times
06 Tue Jan 2026	3087.60	3070.60	3111.00	3011.00	1.136 times
05 Mon Jan 2026	3070.60	3039.90	3080.00	3019.40	0.808 times
02 Fri Jan 2026	3025.90	3065.90	3070.20	3007.00	0.623 times
01 Thu Jan 2026	3063.40	3023.10	3080.00	3003.60	0.692 times

My analysis of stock is bearish for shortterm, and stock might move down till 2916.5 or till 2830.9. Use a stoploss of 2987.84 and if the stock hits stoploss, then it can shoot up till 3059.19

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2742.70
Downside Target	2824.00
Upside Target	3049.00
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	2911.47
Downside Intraday Target	2851.13
Upside Intraday Target	3040.57
Upside Intraday Target	3109.33
Upside Intraday Target	2980.23

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Jan 2026	2971.80	3020.00	3049.00	2919.90	0.276 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
19 Fri Dec 2025	2869.90	2865.10	2905.00	2824.00	0.317 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
14 Wed Jan 2026	2971.80	3023.10	3120.00	2919.90	0.41 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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

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 3040.21 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.