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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 2024-03-13 View latest technical analysis

10 day averaged volume of Tamilnad Merca is 61441

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	453.40	472.85	472.85	451.00	3.359 times
12 Tue Mar 2024	468.15	480.30	483.00	465.00	1.988 times
11 Mon Mar 2024	480.30	490.00	490.00	478.80	1.001 times
07 Thu Mar 2024	483.95	478.05	486.55	477.10	0.709 times
06 Wed Mar 2024	477.40	482.00	484.60	475.55	0.979 times
05 Tue Mar 2024	482.30	481.65	488.00	480.90	0.747 times
04 Mon Mar 2024	483.90	490.00	490.00	480.95	0.703 times
02 Sat Mar 2024	487.55	489.90	490.00	483.80	0.11 times
01 Fri Mar 2024	484.05	485.30	487.50	483.00	0.563 times
29 Thu Feb 2024	484.75	480.85	490.15	474.20	1.79 times

Stock of Tamilnad Merca (TMB) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 460.8, for a target of 472.8 or 482.83

Share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Target	451.00
Upside Target	468.05
Upside Target	493.55
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	439.6
Downside Intraday Target	425.8
Upside Intraday Target	478.6
Upside Intraday Target	503.8
Upside Intraday Target	464.8

Weekly technical analysis of Tamilnad Merca (TMB)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	453.40	490.00	490.00	451.00	2.023 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Tamilnad Merca (TMB)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	453.40	485.30	490.00	451.00	0.253 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 neutral. A longer time frame might give a better analysis.

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 gaining momentum.

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

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 red color and prices are below the red 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 but buying is losing 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 471.94 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.