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Stock analysis Thermax Limited THERMAX

More indepth analysis on MunafaSutra.com

Moving Averages for Thermax Limited

  • 5Day Average: 3977.23
  • 12Day Average: 3886.75
  • 20Day Average: 3987.14
  • 50Day Average: 4413.58
  • 100Day Average: 4705.55
  • 150Day Average: 4749.35
  • 200Day Average: 4799.46

THERMAX Indicators & signals

Indicator MACD (12,26,9)

3949.2, 4111.79, -192.47
Indicator MACD is in negative zone

Indicator ADX (14)

0.93, 21.25, 20.86
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 47
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
21 Tue Jan 2025 3899.05 3862.45 to 3972.85 -1.61% 0.79 times
20 Mon Jan 2025 3963.05 3901.65 to 4048.75 -0.02% 0.7 times
17 Fri Jan 2025 3964.00 3906.45 to 4246.80 -2.01% 1.74 times
16 Thu Jan 2025 4045.15 3805.00 to 4087.45 0.75% 2.07 times
15 Wed Jan 2025 4014.90 3747.60 to 4180.00 7.47% 1.47 times
14 Tue Jan 2025 3736.00 3635.80 to 3815.00 2.76% 0.88 times
13 Mon Jan 2025 3635.80 3613.05 to 3811.50 0% 0.7 times
13 Mon Jan 2025 3635.80 3613.05 to 3811.50 -3.49% 0.7 times
10 Fri Jan 2025 3767.35 3720.00 to 3924.00 -3.41% 1.04 times
09 Thu Jan 2025 3900.25 3876.65 to 4003.95 -2.06% 0.33 times
08 Wed Jan 2025 3982.30 3970.00 to 4133.40 -2.81% 0.35 times
07 Tue Jan 2025 4097.40 4081.55 to 4204.80 -1.35% 0.39 times

Technical analysis forecast for Thermax Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Thermax Limited THERMAX at this time. Stock is falling and might fall more.

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

Stock of Thermax Limited (THERMAX) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Thermax Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3832.7 as stoploss in an intra day buy trade for a target of 4039.9. However, stock will show a bearish move below 3832.7.

More indepth analysis on MunafaSutra.com