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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)

10 day averaged volume of Tamilnad Merca is 73620

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	482.15	490.00	490.00	480.05	1.243 times
16 Tue Apr 2024	485.75	488.90	494.95	480.00	0.576 times
15 Mon Apr 2024	482.95	475.05	488.95	475.05	1.002 times
12 Fri Apr 2024	490.30	495.90	495.90	488.00	0.565 times
10 Wed Apr 2024	495.95	499.90	499.90	491.00	0.724 times
09 Tue Apr 2024	497.95	501.00	501.00	492.00	0.831 times
08 Mon Apr 2024	498.90	500.00	504.10	493.40	1.816 times
05 Fri Apr 2024	495.45	497.85	502.00	492.60	2.164 times
04 Thu Apr 2024	494.50	496.25	499.00	491.70	0.967 times
03 Wed Apr 2024	491.35	485.00	499.00	484.00	0.928 times

My analysis of stock is bullish for shortterm, and stock might move up till 495.8 or till 512.7. Use a stoploss of 481.82 and if this stock hits its stoploss, then it can fall down till 467.8

Share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Target	450.95
Downside Target	468.05
Upside Target	494.95
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	473.15
Downside Intraday Target	464.15
Upside Intraday Target	493.05
Upside Intraday Target	503.95
Upside Intraday Target	484.05

Weekly technical analysis of Tamilnad Merca (TMB)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	482.15	475.05	494.95	475.05	0.717 times
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

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
18 Thu Apr 2024	482.15	490.00	504.10	475.05	0.477 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 down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Tamilnad Merca in short term but the sell signal is initial and weak.

Tamilnad Merca Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 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 492.35 and Tamilnad Merca (TMB) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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