$THERMAX - Momentum Continued

After spending nearly two years consolidating and correcting from its 2024 peak, Thermax has staged a strong recovery and is now retesting a major falling trendline resistance. The recent rally from the 2026 lows reflects improving momentum, and price is approaching a zone where supply emerged previously. A decisive breakout above this trendline could mark the beginning of the next leg of the primary uptrend. For now, the trend remains bullish with momentum favoring buyers. The key question is whether Thermax can convert this long-term resistance into support and sustain above it. Momentum may continue as long as the breakout attempt remains intact. $THERMAX