THERMAX technical summary

At ₹3,112.2, Thermax Ltd is trading 10.7% below its 50-day average of ₹3,484.55 and 18.9% below its 200-day average of ₹3,835.52. The 14-day RSI is 36.2, in the neutral range between 30 and 70. MACD is -99.86 against a signal line of -111.28, so the MACD line sits above its signal line. ADX(14) reads 41.9, a strong trend reading (25 or above); ADX measures trend strength, not direction. The 52-week range is ₹2,742.7 to ₹5,277.8, with the price 15% of the way up it. Classic daily pivot levels from the 30 Oct 2026 session: pivot ₹3,169, resistance ₹3,243 and ₹3,292.9, support ₹3,119.1 and ₹3,045.1.