THERMAX THERMAX - FII increasing holdings.
We have a miniscule breakout & retest.
Low risk, high reward entry.
Stock weak below 50 ema closing on daily basis.
THERMAX trade ideas
Thermax Buy Call short termEnergy Segment (75% of revenues) #
The company's energy segment comprises Process Heating, Absorption Cooling and Heating, Boiler and Heater and Power (EPC and Solar) businesses and related services. It is among the leaders in vapor absorption cooling and heating systems, with its chillers used worldwide for industrial refrigeration, air conditioning, process cooling and heating.
The company has domain experience in setting up captive power, cogeneration and trigeneration plants on an EPC basis, with an installed base of more than 3,300 MW. #
Environment Segment (15% of revenues)
The company offers air pollution control systems for both particulate and gaseous emissions to a wide range of industries – cement, steel and ferrous metals, power generation, chemical, fertilizers, etc.
The Water and Waste Solutions (WWS) business supports industrial and commercial establishments to treat water for their process requirements and to clean sewage. The WWS business includes water treatment, wastewater treatment/recycling, zero liquid discharge solutions, sewage treatment/recycling and desalination plants. The business has to date completed over 20,000 installations. #
Chemical Segment (10% of revenues)
The Chemical segment manufactures and markets a wide range of specialty chemicals to help improve processes across a spectrum of industries. It comprises the following: microporous resins, performance chemicals, paper chemicals, construction chemicals and oil field chemicals. The chemical manufacturing facilities are located at Paudh (Maharashtra), Jhagadia and Dahej (Gujarat). #
Order Book
Presently, the company has an order book balance of ~5,200 crores. # Refinery & petrochemicals accounts for 31% of the order book, followed by Metals & Steel (12%), Food/Beverages (10%), Cement (8%), Power (5%), chemical (4%), Fertilizer/agro (4%), rubber (3%), sugar/distillery (3%) and other industries account for the rest 20% of revenues. #
Global Operations
The company has geographically diversified operations, with more than ~35% of the revenues coming from over 150 countries. # Presently, about 25% of total order book is dedicated to global customers situated outside India. #
Thermax Short Term Reversal Trade The stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zone and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal.
THERMAXTHE UPPER RANGE HAS BEEN DRAWN FOR ENTRY, BEYOND WHICH IT CAN SHOW GOOD UPSIDE TO 806, 827 AND 845
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Thermax Make or Break level below 698 can see 640 Long above 720Thermax Make or Break level below 698 can see 640 Long above 720 - Target open on both side. Average volume has increased by 49% and is at 3 months support zone.
Will Thermax correct 50% from current level of 832 ????If i read this right, seems like this counter is heading for a 50 % correction if it fails to get back above 950 . Major distribution taking place.
Target price is 400.
Rectangle PatternPast two weeks going on sideways or rectangle pattern.
Now trading above 200 sma weekly and daily
Thermax: Early Signs of Bottoming-OutPrice has been in a downtrend for a while. There is a perceptible slowdown in downside momentum recently. RSI positive divergence confirms that. Stock offers low risk entry.
