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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 2024-03-18 View latest technical analysis

10 day averaged volume of Tamilnad Merca is 77119

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	467.05	469.80	470.00	461.40	1.096 times
15 Fri Mar 2024	462.80	455.05	466.50	455.05	1.136 times
14 Thu Mar 2024	455.55	453.40	466.00	451.00	1.219 times
13 Wed Mar 2024	453.40	472.85	472.85	451.00	2.676 times
12 Tue Mar 2024	468.15	480.30	483.00	465.00	1.584 times
11 Mon Mar 2024	480.30	490.00	490.00	478.80	0.797 times
07 Thu Mar 2024	483.95	478.05	486.55	477.10	0.565 times
06 Wed Mar 2024	477.40	482.00	484.60	475.55	0.78 times
05 Tue Mar 2024	482.30	481.65	488.00	480.90	0.595 times
04 Mon Mar 2024	483.90	490.00	490.00	480.95	0.56 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 467.5, but if it comes above 467.5, then a intra day buy could be more profitable.
If you take a sell trade below 467.5, then use 467.5 as stoploss and 454 as target. However if you take a buy trade in stock , then use 467.5 as stoploss and 478.77 as target.

Share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Target	451.00
Downside Target	461.40
Upside Target	491.40
Upside Target	493.55
Upside Target	495.05
Upside Target	504.70
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	462.3
Downside Intraday Target	457.55
Upside Intraday Target	470.9
Upside Intraday Target	474.75
Downside Intraday Target	466.15

Weekly technical analysis of Tamilnad Merca (TMB)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	467.05	469.80	470.00	461.40	0.148 times
15 Fri Mar 2024	462.80	490.00	490.00	451.00	2.965 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

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
18 Mon Mar 2024	467.05	485.30	490.00	451.00	0.361 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 466.42 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.