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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 2024-04-12 View latest technical analysis

10 day averaged volume of Tamilnad Merca is 125069

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	490.30	495.90	495.90	488.00	0.333 times
10 Wed Apr 2024	495.95	499.90	499.90	491.00	0.426 times
09 Tue Apr 2024	497.95	501.00	501.00	492.00	0.489 times
08 Mon Apr 2024	498.90	500.00	504.10	493.40	1.069 times
05 Fri Apr 2024	495.45	497.85	502.00	492.60	1.274 times
04 Thu Apr 2024	494.50	496.25	499.00	491.70	0.569 times
03 Wed Apr 2024	491.35	485.00	499.00	484.00	0.546 times
02 Tue Apr 2024	492.05	495.00	498.55	491.20	0.252 times
01 Mon Apr 2024	493.65	490.00	494.50	482.75	0.584 times
28 Thu Mar 2024	485.60	486.95	490.00	474.55	1.164 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 494.4 as stoploss in an intra day sell trade for a target of 477.86. However, stock will show a bullish move above 494.4.

Share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Target	450.95
Downside Target	468.05
Downside Target	482.75
Upside 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	484.17
Downside Intraday Target	478.03
Upside Intraday Target	500.27
Upside Intraday Target	510.23
Upside Intraday Target	494.13

Weekly technical analysis of Tamilnad Merca (TMB)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	490.30	500.00	504.10	488.00	0.719 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 down 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
12 Fri Apr 2024	490.30	490.00	504.10	482.75	0.367 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 493.55 and Tamilnad Merca (TMB) stock is trading below this level. This means that stock is falling with high volumes. 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.