THERMAX - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 4.4

Thermax Ltd. (THERMAX) is showing strong bullish momentum and is a good candidate for intraday trading today. Here's a detailed breakdown

🔍 Technical & Momentum Indicators

Indicator Value Signal

RSI 59.7 Bullish, nearing overbought — strong momentum

1

MACD +93.0 Strong bullish crossover — confirms trend

1

Volume 67,918 vs avg 75,278 Slightly below average, but price action remains strong

1

Price vs DMA Above 50 DMA (₹3,575) & 200 DMA (₹3,751) Bullish breakout zone

1

SAR Bullish Price above SAR — confirms upward bias

1

ADX Moderate Trend strength present, direction positive

1

📈 Intraday Trade Setup

✅ If Considering Entry

Optimal Buy Zone: ₹3,760–₹3,779 (on minor dip or consolidation)

Profit Targets

Conservative: ₹3,798

Aggressive: ₹3,825–₹3,850 (based on short-term resistance levels)

Stop Loss: ₹3,735 (below intraday support)

🕒 If Already Holding

Consider partial exit near ₹3,798–₹3,825 if momentum slows.

If price breaks below ₹3,735 with volume spike, exit fully.

Watch for RSI crossing 70 — may signal short-term exhaustion and reversal.

🧠 Final Verdict

THERMAX is a strong intraday candidate today due to

Bullish MACD and RSI

Price trading above key moving averages

Positive institutional sentiment (FII holding up 0.16%)

Strong quarterly earnings growth (PAT up from ₹114 Cr. to ₹206 Cr.)

Traders can look for buy-on-dip opportunities with tight stop-losses and clear profit targets.

Would you like a curated list of similar momentum stocks for today’s intraday session?

1

dailybulls.in

Edit in a page