Weekly Analysis on

THERMAX

Company Overview

Thermax Ltd. is a leading energy and environment solutions provider, engaged in manufacturing boilers, heaters, chillers, water & wastewater treatment systems, air pollution control equipment, solar and renewable energy systems. The company plays a crucial role in clean energy, sustainability, and industrial solutions across sectors like power, cement, steel, and chemicals. Weekly Technical View Trend: Stock remains weak to sideways. Support Levels: ₹3160 (immediate), ₹3000 (major). Resistance Levels: ₹3600–3850 zone. Indicators: RSI at ~42 → Neutral with slight bearish bias. MACD remains in negative territory → Weak momentum. Parabolic SAR above price → Indicates selling pressure. Moving Averages: Price below 50-week MA, but taking support near 200-week MA → long-term investors watching closely. Future Outlook Short-Term: Stock may consolidate between ₹3000–3600 due to weak momentum. Medium to Long-Term: Positive structural story with opportunities in green energy, industrial efficiency, and sustainability. Attractive for long-term accumulation on dips.