THERMAX - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis for THERMAX (Thermax Ltd.)
⭐ Technical Rating
4.1 (Strong technicals supported by bullish momentum, breakout structure, and favorable moving average alignment)
📉 Chart Patterns & Trend Status
Trend Status: THERMAX is currently trending upward, showing signs of a bullish continuation.
Pattern Observed: Ascending triangle breakout with price holding above key resistance.
Candlestick Signals: Recent Bullish Engulfing and Hammer patterns suggest strong buyer interest.
📈 Moving Averages
Indicator Value (₹) Signal
50 DMA 3,575 Price above – Bullish
200 DMA 3,751 Price above – Bullish
20 EMA ~3,720 Price above – Bullish
Price is above all major moving averages, confirming a strong uptrend.
Golden cross between 50 DMA and 200 DMA adds to bullish sentiment.
📊 Momentum Indicators
Indicator Value Interpretation
RSI 59.7 Bullish zone, not yet overbought
MACD 93.0 Bullish crossover, strong momentum
MFI ~52.4 Neutral-to-positive, mild accumulation
CCI ~120 Strong uptrend confirmation
📉 Bollinger Bands & Volume
Price near upper Bollinger Band, indicating momentum continuation.
Volume slightly below 1-week average → healthy consolidation, not distribution.
📌 Support & Resistance Zones
Level Price (₹)
Support 1 3,720
Support 2 3,575
Resistance 1 3,840
Resistance 2 3,910
Resistance 3 4,020
Trendline resistance near ₹3,910–₹4,020.
Support holding around ₹3,575–₹3,720.
🎯 Entry & Exit Zones
Entry Zone: ₹3,720–₹3,760 (on pullback with volume support)
Exit Zone: ₹3,910–₹4,020 (short-term resistance zone)
Stop Loss: ₹3,575 (below 50 DMA and trendline support)
🧭 Summary
THERMAX is in a strong bullish trend, supported by breakout patterns, favorable moving averages, and momentum indicators. While volume is slightly below average, price action remains constructive. Traders may consider entering on minor dips with tight stop-losses and monitor for resistance near ₹4,020.
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