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.
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.
Hi, 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...
📊 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...
- 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
Daily 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 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...
#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...
THERMAN (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
Goof fundamentals and good to add at two levels for a gain in few months
Thermax 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. 📈
Breakout from sideways to continue previous uptrend: 1. Inverted H&S 2. Prior uptrend 3. More than average volume
Thermax bouncing from important support level of 200 DMA with good momentum.
Idea 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...
This is follow-up on Thermax. Can check link to related ideas. Target 1 achieved. More than 22%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...