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Stock analysis Thermax Limited THERMAX

More indepth analysis on MunafaSutra.com

Moving Averages for Thermax Limited

  • 5Day Average: 4509
  • 12Day Average: 4415.15
  • 20Day Average: 4428.5
  • 50Day Average: 4646.83
  • 100Day Average: 4878.54
  • 150Day Average: 4577.1
  • 200Day Average: 4191.58

THERMAX Indicators & signals

Indicator MACD (12,26,9)

4469.17, 4488.51, -75.24
Indicator MACD is in negative zone

Indicator ADX (14)

38.75, 32.06, 14.15
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
13 Fri Sep 2024 4730.55 4675.00 to 4892.00 1.94% 3.05 times
12 Thu Sep 2024 4640.60 4450.05 to 4689.35 3.82% 1.98 times
11 Wed Sep 2024 4469.95 4377.10 to 4498.85 2.05% 0.97 times
10 Tue Sep 2024 4380.25 4295.30 to 4390.00 1.31% 0.54 times
09 Mon Sep 2024 4323.65 4280.10 to 4404.00 -0.16% 1.78 times
06 Fri Sep 2024 4330.40 4287.25 to 4393.80 1.19% 0.64 times
05 Thu Sep 2024 4279.45 4265.00 to 4345.70 -1.1% 0.61 times
04 Wed Sep 2024 4326.95 4290.00 to 4372.45 -1.27% 0.53 times
03 Tue Sep 2024 4382.45 4353.00 to 4447.85 -0.05% 0.48 times
02 Mon Sep 2024 4384.70 4353.00 to 4404.40 0.27% 0.68 times
30 Fri Aug 2024 4372.80 4330.00 to 4447.20 0.29% 1.79 times
29 Thu Aug 2024 4360.00 4337.15 to 4469.35 0% 0.47 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.

Although my analysis for Thermax Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 4708, for a target of 4575.9 or 4465.86

More indepth analysis on MunafaSutra.com