Technical Analysis Thermax Limited

The stock is

daily chart for the stock is currently trading at 3279.20. After a significant downtrend from its previous highs near 4100 down to a strong base around 2800 the stock has recently shown positive momentum. It has started forming a pattern of higher highs and higher lows which is a classic technical sign of a trend reversal and recovery. Spotting this kind of accumulation phase is incredibly useful when building wealth management strategies or advising on long-term portfolio entries. Immediate resistance the stock is currently facing a hurdle right above its current price in the 3300 to 3400 zone. If it can break out and close strongly above this box it opens the door for a potential move toward the 3670+ levels. Support zones if the price faces rejection at the current resistance immediate support sits around 3100. The major long-term support base is firmly established down at 2800 where buyers previously stepped in to reverse the downtrend. Current holders keep your shares but maintain a strict stop-loss near the 3100 support level to protect your capital. New buyers wait for the stock to confidently break and close above 3400 before taking any fresh entries. Short-term target if the price successfully breaks above this resistance expect a quick move towards the 3670 mark. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.