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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 2024-09-18 View latest technical analysis

10 day averaged volume of Tamilnad Merca is 183933

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	492.20	494.50	497.85	486.30	1.218 times
17 Tue Sep 2024	494.65	480.00	496.60	479.05	2.557 times
16 Mon Sep 2024	479.05	483.75	483.75	477.20	0.464 times
13 Fri Sep 2024	477.20	478.00	479.80	474.10	0.401 times
12 Thu Sep 2024	474.35	483.80	483.80	472.55	0.51 times
11 Wed Sep 2024	478.80	486.45	487.80	477.00	0.489 times
10 Tue Sep 2024	484.80	481.95	485.40	478.30	1.218 times
09 Mon Sep 2024	477.65	489.00	489.00	474.30	1.224 times
06 Fri Sep 2024	482.60	473.95	487.70	472.40	1.99 times
05 Thu Sep 2024	472.35	469.95	476.85	467.05	0.633 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 494.1, for a target of 483.1 or 473.89

Share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Target	438.05
Downside Target	477.20
Downside Target	485.00
Downside Target	487.70
Downside Target	489.00
Downside Target	491.15
Upside Target	497.85
Upside Target	499.25

Intraday share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Intraday Target	480.32
Downside Intraday Target	468.43
Upside Intraday Target	500.97
Upside Intraday Target	509.73
Downside Intraday Target	489.08

Weekly technical analysis of Tamilnad Merca (TMB)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	492.20	483.75	497.85	477.20	1.103 times
13 Fri Sep 2024	477.20	489.00	489.00	472.55	0.86 times
06 Fri Sep 2024	482.60	470.80	487.70	464.00	1.473 times
30 Fri Aug 2024	470.80	463.00	473.70	461.10	0.821 times
23 Fri Aug 2024	462.85	460.00	474.65	455.15	2.416 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
18 Wed Sep 2024	492.20	470.80	497.85	464.00	0.325 times
30 Fri Aug 2024	470.80	463.00	485.00	438.05	2.727 times
31 Wed Jul 2024	462.60	472.20	489.00	454.75	1.007 times
28 Fri Jun 2024	471.30	464.50	499.25	446.00	2 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Tamilnad Merca stock for short term is BUY. Signal strength is Strong and stock is gaining 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 stronger in this stock.

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

CCI has generated a buy signal for Tamilnad Merca in short term and BUY signal is strong.

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 484.73 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.