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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 2026-02-02 View latest technical analysis

10 day averaged volume of Thermax is 77120

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Feb 2026	2829.70	2902.00	2926.00	2806.00	1.535 times
01 Sun Feb 2026	2886.20	2865.00	2932.80	2857.80	0.551 times
30 Fri Jan 2026	2878.00	2808.80	2917.50	2751.10	2.159 times
29 Thu Jan 2026	2795.20	2870.40	2880.60	2785.00	1.238 times
28 Wed Jan 2026	2870.40	2839.00	2904.00	2827.10	0.84 times
27 Tue Jan 2026	2831.00	2920.60	2944.70	2811.00	1.516 times
23 Fri Jan 2026	2920.60	2900.00	2959.90	2900.00	0.881 times
22 Thu Jan 2026	2908.30	2934.90	2947.50	2897.70	0.571 times
21 Wed Jan 2026	2929.40	2909.90	2943.00	2847.80	0.945 times
20 Tue Jan 2026	2921.40	2925.00	2960.40	2895.40	0.941 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2860.7, but if it comes above 2860.7, then a intra day buy could be more profitable.
If you take a sell trade below 2860.7, then use 2860.7 as stoploss and 2761 as target. However if you take a buy trade in stock , then use 2860.7 as stoploss and 2943.8 as target.

Share price targets for Thermax (THERMAX)

Target Type	Value
Downside Target	2742.70
Downside Target	2806.00
Upside Target	2919.90
Upside Target	2986.10
Upside Target	3041.00
Upside Target	3049.00
Upside Target	3100.00
Upside Target	3120.00
Upside Target	3316.00
Upside Target	3353.00

Intraday share price targets for Thermax (THERMAX)

Target Type	Value
Downside Intraday Target	2779.53
Downside Intraday Target	2729.37
Upside Intraday Target	2906.33
Upside Intraday Target	2982.97
Upside Intraday Target	2856.17

Weekly technical analysis of Thermax (THERMAX)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Feb 2026	2829.70	2865.00	2932.80	2806.00	0.363 times
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

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 Mon Feb 2026	2829.70	2865.00	2932.80	2806.00	0.091 times
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

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 gaining momentum.

MACD generated a SELL signal for Thermax in short term and the sell signal is strong.

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. Bulls 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 SELL signal in short term and selling is picking up 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 2868.56 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.