Thermax Limited – Breakout Watch $THERMAX Important Levels: Support: 4,250 – 4,100 Resistance: 4,700 – 4,950 Structure: Strong base formation Business: Industrial energy, environment and engineering solutions provider Beneficiary of manufacturing and industrial capex cycle Strong presence in clean energy solutions Earnings: Healthy order inflows Strong execution visibility Margin profile improving Verdict: 👉 Capital goods quality play 👉 Watch for breakout confirmation