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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 2024-09-19 View latest technical analysis

10 day averaged volume of Tamilnad Merca is 196914

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	488.85	499.00	499.00	484.00	1.048 times
18 Wed Sep 2024	492.20	494.50	497.85	486.30	1.138 times
17 Tue Sep 2024	494.65	480.00	496.60	479.05	2.388 times
16 Mon Sep 2024	479.05	483.75	483.75	477.20	0.434 times
13 Fri Sep 2024	477.20	478.00	479.80	474.10	0.375 times
12 Thu Sep 2024	474.35	483.80	483.80	472.55	0.476 times
11 Wed Sep 2024	478.80	486.45	487.80	477.00	0.457 times
10 Tue Sep 2024	484.80	481.95	485.40	478.30	1.138 times
09 Mon Sep 2024	477.65	489.00	489.00	474.30	1.144 times
06 Fri Sep 2024	482.60	473.95	487.70	472.40	1.859 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 484.5, but if it comes below 484.5, then a intra day sell could be more profitable.
If you take a sell trade below 484.5, then use 484.5 as stoploss and 475.23 as target. However if you take a buy trade in stock , then use 484.5 as stoploss and 495.7 as target.

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
Upside Target	489.00
Upside Target	491.15
Upside Target	499.00
Upside Target	499.25

Intraday share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Intraday Target	477.7
Downside Intraday Target	466.55
Upside Intraday Target	499.5
Upside Intraday Target	510.15
Downside Intraday Target	488.35

Weekly technical analysis of Tamilnad Merca (TMB)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	488.85	483.75	499.00	477.20	1.395 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
19 Thu Sep 2024	488.85	470.80	499.00	464.00	0.354 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Tamilnad Merca stock for short term is BUY. Signal strength is Strong 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 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 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 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 485.84 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.