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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 2026-01-16 View latest technical analysis

10 day averaged volume of Thermax is 98018

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Jan 2026	2970.30	2947.00	2975.00	2920.00	0.669 times
14 Wed Jan 2026	2971.80	2951.00	2986.20	2940.50	0.291 times
13 Tue Jan 2026	2964.20	2942.00	2975.80	2925.60	0.658 times
12 Mon Jan 2026	2949.40	3020.00	3049.00	2919.90	0.906 times
09 Fri Jan 2026	3023.40	3050.00	3050.00	2986.10	1.34 times
08 Thu Jan 2026	3061.40	3080.00	3120.00	3042.60	1.668 times
07 Wed Jan 2026	3069.30	3100.00	3100.50	3020.00	1.616 times
06 Tue Jan 2026	3087.60	3070.60	3111.00	3011.00	1.228 times
05 Mon Jan 2026	3070.60	3039.90	3080.00	3019.40	0.873 times
02 Fri Jan 2026	3025.90	3065.90	3070.20	3007.00	0.673 times

My analysis of stock is bearish for shortterm, and stock might move down till 2924.9 or till 2844.1. Use a stoploss of 2992.22 and if the stock hits stoploss, then it can shoot up till 3059.55

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	2910.47
Downside Intraday Target	2850.63
Upside Intraday Target	3039.57
Upside Intraday Target	3108.83
Upside Intraday Target	2979.73

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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
16 Fri Jan 2026	2970.30	3023.10	3120.00	2919.90	0.438 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 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 Weak and stock is gaining 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 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 coming down

CCI has generated a SELL signal for Thermax in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 3033.75 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.