THERMAX 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.
The 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 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 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.
Thermax Limited is engaged in the business of manufacture and sale of boilers, heating and cooling equipment, industrial chemicals, and water and waste management equipment. The Company also undertakes turnkey contracts for power plants, and provides operation and maintenance services for the same. The Company operates through two segments: Energy and Environment. The energy segment includes products, such as boilers and heaters, absorption chillers/heat pumps, power plants, solar equipments, and related services. The Environment segment includes products, such as air pollution control equipment/systems, water and waste recycle pant, ion exchange resins and performance chemicals, and related services. Its products include air pollution control products; chemicals; steam accessories; engineering, procurement and construction (EPC) power plants, and absorption cooling products. The Company caters to both domestic and international markets.
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THERMAX
