THERMAX LTDTHERMAX LTD, Cup and handle formation, after handle tightening completed and then BO. Looking strong chart in weak market.
THERMAX trade ideas
THERMAX ready for targets Presently, the company has an order book balance of ~8800 crores.
Transportation accounts for 34% of the order book, followed by Power(17%), Food/Beverages (8%), Cement (5%), Metals & Steel (4%), chemical (6%), Drugs & Pharmaceuticals (4%),Refinery & petrochemicals (6%), sugar/distillery (4%) and other industries account for the rest 12% of revenues.
Flag and Pole Pattern After Reversing from a SupportNSE:THERMAX is making a Flag and Pole Pattern on Daily Charts after Reversing from a Strong Support Zone on the back of the news that NSE:THERMAX is going to ACQUIRE 100% STAKE IN BUILDTECH PRODUCTS FOR APPROX. 720 MILLION RUPEES.
A Breakout of the Flag will give a Bullish Momentum to the Stock Ahead.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
VIEW ON THERMAXGood chart inspite of market condition this week
After forming Doji and hammer kind of candles for last 3 weeks stock has given a good move this week
Target 5575/5800/6000
Stop loss 5150
I am just representing my views
For educational purpose only.
Thermax Ltd Good For Long (Day Chart)CMP -4730
Entry Price - above 4736 (Day closed recomended)
SL- 4670 (Closing Basis)
Holding Time- As much as you can .
Education Purpose only, not recomended for Buy and Sell,
One more inverted H&S breakout near All time high.Thermax, a potential company has given breakout on head and shoulder inverted. Kindly go through the fundamentals.
CMP 3175
Target -1 : 3450
Target -2 : 3800
Target -3 : 4200
SL for short term : 2850 on CLBS.
SLfor long term : 2480 on CLBS.
Stay invested.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
Thermax - Breakout Setup, Move is ON...#THERMAX trading above Resistance of 5218
Next Resistance is at 6256
Support is at 4367
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Thermax - Breakout Setup, Move is ON...#THERMAX trading above Resistance of 3916
Next Resistance is at 5218
Support is at 3428
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Short Term Trading Opportunity in Thermax for 25 % upsideHi,
An bullish on-neck Breakout pattern emerged on the Weekly chart of NSE:THERMAX
MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue.
Level of Entry, Exit & Stop loss mentioned on the chart.
This idea is for educational purpose only. Take advice of your financial advisor before making any investment decision.
Thermax Ltd (EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
Thermax Ltd
Target: RS 5050
CMP: RS 4811.90
ENTRY RANGE: 4760-4860
STOP LOSS: RS 4450
Disclaimer: I am not Sebi Registered.
THERMAX | Swing Trade📊 DETAILS
Sector: Engineering - Industrial Equipments
Mkt Cap: 39,919 cr
Thermax Limited offers solutions to energy, environment and chemical sectors. The Company’s portfolio includes boilers and heaters, absorption chillers/ heat pumps, power plants, solar equipment, air pollution control equipment/system, water and waste recycle plant, ion exchange resins and performance chemicals and related services.
TTM PE : 80.03 (High PE)
Sector PE : 54.13
Beta : 0.44
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
4.51% away from 52 week high
Outperformer - Thermax up by 5.3% v/s NIFTY 50 up by 1.1% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Strong Closing Near Resistance, Bullish Engulfing Candle- Symbol: Thermax
- Closing: Strong closing near resistance
- Candlestick: Bullish engulfing candle pattern
- Support: Support from lower trendline and 50 EMA
- RSI Breakout: RSI breakout indicating strong momentum
Breakout of parallel channelDaily and weekly good volume build up.
Breakout of parallel channel with good volumes.
Wait for retest on trendline for conformation.
NOTE: I do my analysis, do your before trade.
Thermax - Long Setup, Move is ON...#THERMAX trading above Resistance of 3428
Next Resistance is at 3916
Support is at 2635.60
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
THERMAX - Swing Trade Analysis - 28th January #stocksTHERMAN (1D TF) - Swing Trade Analysis given on 28th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Volume Spike at Resistance - Done ✓
- Breakout - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #THERMAX
Thermax, 20% from hereThermax is at a strong support level, and a positive sign appeared in the weekly chart closed with hammer pattern candle. Plan to keep it for 1-2 months. 📈
Bullish H&S breakoutBreakout from sideways to continue previous uptrend:
1. Inverted H&S
2. Prior uptrend
3. More than average volume
THERMAX#THERMAX has found support at the 200-day MA and appears poised to continue its upward trend. Although there's a minor resistance near the 50-day MA, I anticipate the stock will absorb the supply.
Momentum GameIdea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%
SL can be Maintained below Breakout Candle
Stock is making Higher-Lows from its Swing-low Very High Chances that Stock will Soar (10-20%) if result Comes Poitive.
Rule 1 : Never Do Averaging if the Stock moves down ; One can Add more Qty if Stock moves Up
Rule 2 : On result day trail your SL at 15Min Time Frame
