Is Thermax technically bullish or bearish?
As of November 7, 2025, Thermax's technical trend is bearish, with multiple indicators supporting this outlook despite a mildly bullish weekly MACD signal.
As of 7 November 2025, the technical trend for Thermax has changed from mildly bearish to bearish. The current technical stance is bearish, with a moderate strength indicated by several factors. The weekly MACD shows a mildly bullish signal, but the monthly MACD is bearish, suggesting a lack of momentum. The Bollinger Bands are bearish in both weekly and monthly time frames, reinforcing the negative outlook. Daily moving averages are also bearish, and the KST is bearish on both weekly and monthly charts. While the Dow Theory indicates a mildly bullish stance on the weekly chart, the overall bearish indicators dominate the analysis. The stock's performance has been significantly underwhelming compared to the Sensex, particularly in the year-to-date and one-year periods.
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