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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 2024-03-01 View latest technical analysis

10 day averaged volume of Tamilnad Merca is 120293

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	484.05	485.30	487.50	483.00	0.288 times
29 Thu Feb 2024	484.75	480.85	490.15	474.20	0.914 times
28 Wed Feb 2024	476.10	485.85	485.90	469.00	0.72 times
27 Tue Feb 2024	481.05	488.10	489.25	480.10	0.665 times
26 Mon Feb 2024	483.25	495.00	495.05	480.60	0.679 times
23 Fri Feb 2024	490.70	494.90	497.35	489.70	0.302 times
22 Thu Feb 2024	490.40	492.00	494.35	484.80	0.722 times
21 Wed Feb 2024	491.65	490.50	497.00	490.50	0.383 times
20 Tue Feb 2024	491.15	495.50	500.00	489.25	0.58 times
19 Mon Feb 2024	496.15	499.00	504.70	491.55	0.607 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 481.3 as stoploss in an intra day buy trade for a target of 489.55. However, stock will show a bearish move below 481.3.

Share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Target	468.05
Downside Target	483.00
Upside Target	504.70
Upside Target	507.70
Upside Target	510.05
Upside Target	511.00
Upside Target	514.00
Upside Target	514.70
Upside Target	545.25
Upside Target	554.00

Intraday share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Intraday Target	470.35
Downside Intraday Target	456.65
Upside Intraday Target	496.4
Upside Intraday Target	508.75
Downside Intraday Target	482.7

Weekly technical analysis of Tamilnad Merca (TMB)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	484.05	495.00	495.05	469.00	1.259 times
23 Fri Feb 2024	490.70	499.00	504.70	484.80	0.323 times
16 Fri Feb 2024	498.60	499.85	507.70	468.05	1.801 times
09 Fri Feb 2024	493.65	497.00	514.00	490.00	0.881 times
02 Fri Feb 2024	494.70	502.25	511.00	490.50	1.671 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
01 Fri Mar 2024	484.05	485.30	487.50	483.00	0.014 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
29 Fri Dec 2023	504.45	527.00	545.25	493.55	1.134 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 Strong and stock is losing momentum.

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

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

Tamilnad Merca Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Tamilnad Merca in short term but BUY 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 486.33 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.