Is Thermax technically bullish or bearish?

As of 7 November 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Thermax is bearish with moderate strength. Key indicators driving this stance include the bearish signals from the moving averages and Bollinger Bands on both daily and monthly time frames, alongside the bearish KST readings. Although the weekly MACD shows mildly bullish, it is overshadowed by the overall bearish sentiment in the monthly indicators. The stock has also underperformed significantly compared to the Sensex over various time frames, particularly year-to-date and over the past year.