Breakout in Thermax Limited with very high volume......
Thermax -> Daily Setup Inverse head and shoulder breakout in Thermax, with volume confirmation. CMP: 2230 Good range to add: 2100 to 2200 Targets: 2540 Stoploss: 1938 Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
📈 Thermax 📉 Thermax is breaking out from a resistance after testing three times. It was taking support at zone of 1650-1680 since December 2021. On Buy Side I am looking for Targets of 2080-2100. StopLoss should be kept in 1750-1780 zone. It offers 1:1 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing...
After creating a double top thermax closed at neckline...all we need to do is wait for the break and retest in order to enter swing sell....this is not sure shot information it could possibly reverse as well...so please do your own analysis before taking trade..this is just my knowledge that i am sharing with u guys take it as a knowledge purpose...i hope it will...
Elliot wave chart pattern RSI consideration good investment candidate,, use dips to add keep learning dont be dependent
THERMAX Buy-Above 1580 Sl- 1500 T- 1757 1988 2050 The stock s ready to break out in weekly timeframe. Buying can be seen near this zone currently. Confirmation Above 1850. It has good potential upside.
Thermax Expecting ATH soon..Just for education purpose
* Two chart pattern completing at the same time (Cup & Handle and Rectangle ) in Monthly time frame High conviction set up . Just before the breakout of C & H pattern made a rectangle pattern also .That very much convincing the reliability of breakout . *Price has also trading all the important moving averages. *If we look at the volume part, significant volume...
Thermax is halting at really crucial level if it gives breakout can be a good trade .All the details about Trade have been explained in the video.This is just for educational purpose
Decide Sl & Ride with Trailing SL
Thermax News: tech.economictimes.indiatimes.com (Please go through the news) TA: Accumulation zone, High Delivery, High Volume Everything explained in chart
ONLY Above 796 Target 1 = 832 4.5% Target 2 = 873 9.6% SL = 775 2.5% In the absence of breakout wait for entry near the base of rectangle *DISCLAIMER* For educational purposes only. Not a recommendation. Treat StopLoss as your best friend to get you out of troubles.
THERMAX Stock price has broken the crucial resistance around 945 - 960 on the weekly charts. Short term moving average has Placed above the long term moving averages and It has been created a long term trend reversal on Weekly Charts. MACD oscillator has showing strength and Trading above its signal and equilibrium line. So One can Initiate a Long Position in ...