Is Thermax technically bullish or bearish?

Sep 02 2025 08:12 AM IST
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As of September 1, 2025, Thermax's technical trend has shifted to a bearish stance with moderate strength, indicated by a bearish MACD, daily moving averages, and weekly KST, while Bollinger Bands suggest a mildly bearish trend and overall momentum remains weak.
As of 1 September 2025, the technical trend for Thermax has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include a bearish MACD on the weekly chart and a bearish signal from the daily moving averages. Additionally, the weekly KST is bearish, and Bollinger Bands indicate a mildly bearish trend. The absence of clear signals in the RSI and Dow Theory suggests a lack of momentum in either direction. Overall, the technical outlook remains negative, particularly in the short to medium term.
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