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Stock analysis Thermax Limited THERMAX

More indepth analysis on MunafaSutra.com

Moving Averages for Thermax Limited

  • 5Day Average: 4420.79
  • 12Day Average: 4560.92
  • 20Day Average: 4503.71
  • 50Day Average: 3996.89
  • 100Day Average: 3523.07
  • 150Day Average: 3314.46
  • 200Day Average: 3139.44

THERMAX Indicators & signals

Indicator MACD (12,26,9)

4476.25, 4334.82, 201.82
Indicator MACD is in positive zone

Indicator ADX (14)

22.69, 25.28, 15.93
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of THERMAX Thermax Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Mon Apr 2024 4454.50 4395.35 to 4552.00 1.98% 0.78 times
26 Fri Apr 2024 4367.80 4307.95 to 4414.95 1.57% 0.54 times
25 Thu Apr 2024 4300.30 4260.00 to 4485.00 -3.07% 0.68 times
24 Wed Apr 2024 4436.40 4392.10 to 4636.75 -2.39% 0.89 times
23 Tue Apr 2024 4544.95 4510.30 to 4750.00 -1.25% 1.32 times
22 Mon Apr 2024 4602.65 4573.90 to 4978.90 -4.35% 1.03 times
19 Fri Apr 2024 4811.90 4717.55 to 4877.00 1.46% 1.52 times
18 Thu Apr 2024 4742.70 4641.05 to 4780.00 1.51% 0.91 times
16 Tue Apr 2024 4672.05 4642.45 to 4809.90 -0.79% 0.62 times
15 Mon Apr 2024 4709.05 4450.00 to 4875.00 3.62% 2.14 times
12 Fri Apr 2024 4544.60 4503.00 to 4573.85 0.01% 0.35 times
10 Wed Apr 2024 4544.15 4521.50 to 4609.60 -0.35% 0.3 times

Technical analysis forecast of Thermax Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Thermax Limited THERMAX at this time. Stock is rising and might rise more.

It appears as if Thermax Limited THERMAX gave a large move recently.

Stock of Thermax Limited (THERMAX) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Thermax Limited is bullish for shortterm, and stock might move up till 4564.6 or till 4754.2. Use a stoploss of 4406.6 and if this stock hits its stoploss, then it can fall down till 4248.62

More indepth analysis on MunafaSutra.com