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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 2024-03-07 View latest technical analysis

10 day averaged volume of Tamilnad Merca is 58516

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	483.95	478.05	486.55	477.10	0.744 times
06 Wed Mar 2024	477.40	482.00	484.60	475.55	1.028 times
05 Tue Mar 2024	482.30	481.65	488.00	480.90	0.784 times
04 Mon Mar 2024	483.90	490.00	490.00	480.95	0.738 times
02 Sat Mar 2024	487.55	489.90	490.00	483.80	0.116 times
01 Fri Mar 2024	484.05	485.30	487.50	483.00	0.591 times
29 Thu Feb 2024	484.75	480.85	490.15	474.20	1.879 times
28 Wed Feb 2024	476.10	485.85	485.90	469.00	1.481 times
27 Tue Feb 2024	481.05	488.10	489.25	480.10	1.366 times
26 Mon Feb 2024	483.25	495.00	495.05	480.60	1.395 times

My analysis of stock is bearish for shortterm, and stock might move down till 479.1 or till 471.1. Use a stoploss of 485.73 and if the stock hits stoploss, then it can shoot up till 492.39

Share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Target	468.05
Upside Target	495.05
Upside Target	504.70
Upside Target	507.70
Upside Target	510.05
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	476.33
Downside Intraday Target	468.72
Upside Intraday Target	490.78
Upside Intraday Target	497.62
Downside Intraday Target	483.17

Weekly technical analysis of Tamilnad Merca (TMB)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	483.95	490.00	490.00	475.55	0.482 times
02 Sat Mar 2024	487.55	495.00	495.05	469.00	1.281 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

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
07 Thu Mar 2024	483.95	485.30	490.00	475.55	0.095 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 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 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 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 BUY signal for Tamilnad Merca in short term but the buy signal is initial and weak.

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 moving up

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

Stock of Tamilnad Merca is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 481.71 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 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.