THERMAX - IntraDay Trade Analysis with Live Signals

Last Updated Time : 20 Dec 25, 07:04 am

IntraDay Trade Rating: 3.4

📊 Analysis: THERMAX is trading at ₹2,867, below both 50 DMA (₹3,013) and 200 DMA (₹3,364), showing bearish bias. RSI at 40.6 indicates weak momentum, while MACD at -52.5 confirms negative trend pressure. Volume (75K) is slightly above average (70K), suggesting moderate intraday participation. Despite strong quarterly PAT growth (+109%), technicals remain weak, limiting intraday upside.

💹 Optimal Buy Price: ₹2,850–₹2,870 (near current levels for speculative entry).

🎯 Profit-Taking Exit Levels: ₹2,895 (short target), ₹2,925 (extended target if rebound sustains).

🛡️ Stop-Loss / Loss Protection: ₹2,835 (below intraday support).

⏱️ If Already Holding: Exit near ₹2,895–₹2,925 if rebound occurs. If RSI fails to recover above 45 or MACD stays negative, consider early exit. A break below ₹2,835 should trigger stop-loss.

Positive

• 📈 ROCE 16.5% and ROE 13.4% show solid capital efficiency.
• 💰 Low Debt-to-Equity 0.04 indicates strong balance sheet.
• 📊 Quarter Profit Var +109% highlights strong earnings recovery.
• 🔥 EPS 54.6 ₹ supports earnings visibility.

Limitation

• ⚠️ Current price below DMA 50 & 200 shows weak trend.
• 📉 High P/E 58.8 vs industry average (43.9), reflecting valuation premium.
• 📊 RSI 40.6 and MACD -52.5 confirm weak momentum.
• 💡 52w Index 6.02% shows poor performance relative to highs.

Company Negative News

• 📉 FII holding reduced (-2.58%), showing foreign investor caution.

Company Positive News

• 📈 DII holding increased (+2.21%), reflecting strong domestic institutional support.

Industry

• 🌐 Engineering/industrial sector trades at PE 43.9, lower than THERMAX’s valuation.
• 📊 Sector outlook stable, but THERMAX trades at premium requiring momentum confirmation.

Conclusion

⚖️ THERMAX is a moderate intraday candidate. Fundamentals show strength, but technicals remain weak with bearish bias. Suitable only for speculative scalps with strict stop-loss discipline rather than aggressive intraday positions.

Would you like me to extend this into a peer benchmarking overlay with other industrial engineering stocks (like ABB, Siemens, and Cummins India) so you can compare THERMAX’s intraday setup across the sector basket?