THERMAX trade ideas
descending triangle It made the pattern of descending triangle they more often mark a continuation of the current trend. The direction of major move can only be determined after valid breakout point. If trend changes to upward trend buying is recommended or if it remains in sideways profit can be made through short selling and buying in short term.
It made a pattern of Descending triangle it is a bearish formation that usually forms during an downtrend as a continuation pattern. So it is recommended to sell if it breakout from support level the because trend reversal will be continuation of downtrend.
THERMAXAS MENTIONED EARLIER, THIS SCRIP IS AROUND 1080 LVLS.
ENTRY MAY BE CONSIDERED WITH PRICE TARGET OF 1145, IN THE COMING DAYS.
THERMAX - ENTER AT LOW LVLTHERMAX IS A BUY WITH TARGET OF 1145 IN THE COMING DAYS.
IT SEEMS THERE WAS PROFIT BOOKING AT 1129. OTHERWISE CLEAR SIGNALS ARE SEEN IN THE CHART.
WAIT FOR 1080 LVLS FOR ENTRY.
Uptrend Formed in Short term.Should reach 1195-1200 levels pretty soon,
if crosses 1200 levels 1240 is the resistance,
if breaks 1240 levels then 1300-1350 can be seen.
LONG I am looking to Go long for last ride of this script before the Major correction .
Stop would be 1 % of CLB on 1 Hour form CMP
THERMAX : Breakout from Cup & Handle patternThermax has clearly broken out of the c&h pattern and is expected to go to the usual c&h pattern target projections.
Target projections are shown on chart.
Trade after u do your own analysis of the stock.
Thermax - MonthlyThe stock seems to be waking up after a long term consolidation of the past 3 years! If it can sustains these levels, then the next chapter in it can begin! Keep a watch out!
THERMAX BREAKOUT ON WEEKLY CHARTS.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 NSE:THERMAX At CMP for a Target of 1140 With a Stop loss Placed at 937.
Thermax - Ready to Rock Thermax has broken out of long term resistance trendline ....
Buy : 870-900
Target 1 : 1150
Target 2 : 1300
Sl - 830
Thermax gaining momentumThermax 8.34% is showing clear indication of trend reversal since new higher high and higher low is formed hence I am bullish on Thermax 8.34% . Please share your views.
