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(TMB) Tamilnad Merca complete technical analysis [charts+indicators] | Buy/Sell Tamilnad Merca | (TMB) share price targets

Complete technical analysis of Tamilnad Merca (TMB) by charts plus indicators, forecast predictions and share price targets for Tamilnad Merca (TMB)

Showing technical analysis as on 2024-04-10 View latest technical analysis

10 day averaged volume of Tamilnad Merca is 131829

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	495.95	499.90	499.90	491.00	0.404 times
09 Tue Apr 2024	497.95	501.00	501.00	492.00	0.464 times
08 Mon Apr 2024	498.90	500.00	504.10	493.40	1.014 times
05 Fri Apr 2024	495.45	497.85	502.00	492.60	1.208 times
04 Thu Apr 2024	494.50	496.25	499.00	491.70	0.54 times
03 Wed Apr 2024	491.35	485.00	499.00	484.00	0.518 times
02 Tue Apr 2024	492.05	495.00	498.55	491.20	0.239 times
01 Mon Apr 2024	493.65	490.00	494.50	482.75	0.554 times
28 Thu Mar 2024	485.60	486.95	490.00	474.55	1.104 times
27 Wed Mar 2024	476.25	457.00	495.60	450.95	3.441 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 493.1, but if it comes below 493.1, then a intra day sell could be more profitable.
If you take a sell trade below 493.1, then use 493.1 as stoploss and 476.75 as target. However if you take a buy trade in stock , then use 493.1 as stoploss and 512.8 as target.

Share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Target	450.95
Downside Target	468.05
Downside Target	482.75
Downside Target	495.60
Upside Target	502.00
Upside Target	504.10
Upside Target	514.00
Upside Target	514.70
Upside Target	545.25

Intraday share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Intraday Target	489.93
Downside Intraday Target	483.92
Upside Intraday Target	503.03
Upside Intraday Target	510.12
Upside Intraday Target	497.02

Weekly technical analysis of Tamilnad Merca (TMB)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	495.95	500.00	504.10	491.00	0.615 times
05 Fri Apr 2024	495.45	490.00	502.00	482.75	0.56 times
28 Thu Mar 2024	485.60	462.40	495.60	450.95	1.991 times
22 Fri Mar 2024	462.40	469.80	470.00	456.10	0.633 times
15 Fri Mar 2024	462.80	490.00	490.00	451.00	2.965 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Tamilnad Merca (TMB)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	495.95	490.00	504.10	482.75	0.345 times
28 Thu Mar 2024	485.60	485.30	495.60	450.95	0.766 times
29 Thu Feb 2024	484.75	507.45	514.00	468.05	1.056 times
31 Wed Jan 2024	504.90	510.00	514.70	491.40	0.806 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Tamilnad Merca (TMB)

Price action analysis of Tamilnad Merca ( (TMB) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Tamilnad Merca ( (TMB) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Tamilnad Merca ( (TMB) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Tamilnad Merca ( (TMB) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Tamilnad Merca stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Tamilnad Merca in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Tamilnad Merca Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Tamilnad Merca in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Tamilnad Merca is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 487.38 and Tamilnad Merca (TMB) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Tamilnad Merca (TMB) stock. Volume based technical analysis of Tamilnad Merca (TMB) stock is negative.

Tamilnad Merca Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.