THERMAX - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 2.6

Thermax (THERMAX) currently presents a weak setup for intraday trading, with several cautionary signals outweighing the positives. Here's a detailed breakdown

📉 Intraday Trade Analysis

🔻 Bearish Indicators

MACD Deep Negative: At -22.4, indicating strong bearish momentum.

RSI at 48.9: Below neutral, showing lack of buying strength.

Price Below 50-DMA & 200-DMA: Current price ₹3,330 is below both 50-DMA (₹3,388) and 200-DMA (₹3,631), suggesting short-term and long-term weakness.

Quarterly PAT Drop: From ₹205 Cr to ₹46.5 Cr — a sharp decline in profitability.

High P/E (85.8) vs Industry PE (49.4): Overvalued relative to peers.

DII Holding Decline: Institutional sentiment weakening.

✅ Mild Positives

Volume Slightly Above Average: Current volume (70,136) is marginally higher than 1-week average (64,537), but not convincing.

Low Debt: Debt-to-equity of 0.02 — financially sound.

FII Holding Increased: Slight uptick in foreign institutional interest.

🎯 Intraday Strategy

📌 Optimal Buy Price

Avoid Buying unless price reclaims ₹3,350–₹3,360 with volume >80,000 and RSI >50.

💰 Profit-Taking Levels

Target 1: ₹3,375 (near 50-DMA)

Target 2: ₹3,400–₹3,420 (if momentum improves intraday)

🛡️ Stop-Loss

Exit Below: ₹3,310 (recent support zone)

🕒 If Already Holding Today

📌 Exit Triggers

MACD Worsens: If histogram expands further negatively.

Volume Fades Below 60,000: Indicates lack of follow-through.

Price Rejection at ₹3,360–₹3,375: If price fails to break this zone, consider exiting.

RSI Drops Below 47: Confirms weakening momentum.

Thermax is better suited for watchlist status than active intraday trading today. If you're scouting for stronger industrial sector momentum plays, I can help screen alternatives with breakout setups.

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