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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 2026-01-30 View latest technical analysis

10 day averaged volume of Thermax is 65632

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Jan 2026	2878.00	2808.80	2917.50	2751.10	2.537 times
29 Thu Jan 2026	2795.20	2870.40	2880.60	2785.00	1.454 times
28 Wed Jan 2026	2870.40	2839.00	2904.00	2827.10	0.988 times
27 Tue Jan 2026	2831.00	2920.60	2944.70	2811.00	1.781 times
23 Fri Jan 2026	2920.60	2900.00	2959.90	2900.00	1.036 times
22 Thu Jan 2026	2908.30	2934.90	2947.50	2897.70	0.671 times
21 Wed Jan 2026	2929.40	2909.90	2943.00	2847.80	1.11 times
20 Tue Jan 2026	2921.40	2925.00	2960.40	2895.40	1.106 times
19 Mon Jan 2026	2937.70	2950.40	2956.80	2926.70	0.42 times
16 Fri Jan 2026	2970.30	2947.00	2975.00	2920.00	0.999 times

Stock of Thermax (THERMAX) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2880.1, but if it comes above 2880.1, then a intra day buy could be more profitable.
If you take a sell trade below 2880.1, then use 2880.1 as stoploss and 2781.2 as target. However if you take a buy trade in stock , then use 2880.1 as stoploss and 2962.47 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2742.70
Downside Target	2840.00
Upside 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	2771.17
Downside Intraday Target	2664.33
Upside Intraday Target	2964.77
Upside Intraday Target	3051.53
Downside Intraday Target	2857.93

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Jan 2026	2878.00	2920.60	2944.70	2751.10	1.557 times
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

Price has moved down 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
30 Fri Jan 2026	2878.00	3023.10	3120.00	2751.10	0.743 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Thermax in short term and the sell 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 but selling is losing 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 2884.21 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.