(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 52167
Date | Daily Closing Price | Open | High | Low | Volume |
22 Wed May 2024 | 468.85 | 469.95 | 472.25 | 466.45 | 0.794 times |
21 Tue May 2024 | 467.65 | 468.50 | 474.95 | 466.10 | 1.481 times |
20 Mon May 2024 | 468.50 | 470.00 | 472.75 | 465.00 | 0.233 times |
17 Fri May 2024 | 465.55 | 469.90 | 470.00 | 463.95 | 1.499 times |
16 Thu May 2024 | 465.15 | 467.35 | 468.80 | 463.65 | 0.454 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 466.2 as stoploss in an intra day buy trade for a target of 476.39. However, stock will show a bearish move below 466.2.
Share price targets for Tamilnad Merca (TMB)
Target Type | Value |
Downside Target | 450.95 |
Downside Target | 462.10 |
Upside Target | 486.00 |
Upside Target | 491.15 |
Upside Target | 491.40 |
Upside Target | 495.60 |
Upside Target | 496.95 |
Upside Target | 503.00 |
Upside Target | 504.10 |
Upside Target | 514.00 |
Upside Target | 514.70 |
Intraday share price targets for Tamilnad Merca (TMB)
Target Type | Value |
Downside Intraday Target | 464.25 |
Downside Intraday Target | 459.65 |
Upside Intraday Target | 474.2 |
Upside Intraday Target | 479.55 |
Upside Intraday Target | 469.6 |
Weekly technical analysis of Tamilnad Merca (TMB)
Date | Weekly Closing Price | Open | High | Low | Volume |
22 Wed May 2024 | 468.85 | 470.00 | 474.95 | 465.00 | 0.458 times |
17 Fri May 2024 | 465.55 | 475.90 | 475.90 | 462.10 | 1.143 times |
10 Fri May 2024 | 468.70 | 484.00 | 489.00 | 462.20 | 1.075 times |
03 Fri May 2024 | 479.70 | 496.95 | 496.95 | 475.55 | 0.395 times |
26 Fri Apr 2024 | 487.95 | 489.95 | 503.00 | 486.00 | 2.079 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 |
22 Wed May 2024 | 468.85 | 486.00 | 491.15 | 462.10 | 0.471 times |
30 Tue Apr 2024 | 486.00 | 490.00 | 504.10 | 475.05 | 0.888 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 |
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)
Indicator Name | Indicator Value | Indicator Signal |
ADX | 11, 13, 11 | Sell |
MACD | -9, -8 | Sell |
Stochastics | 28 | Sell |
CCI | 34 | Sell |
RSI | 54 | Buy |
OBV | -746001 | Sell |
VWAP | 467 | Buy |
ADL | 0 | Sell |
ROC | -2 | Sell |
Force Index | 0 | Sell |
Price action analysis of Tamilnad Merca ( (TMB) ) based on a short 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 short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 Weak 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 in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Tamilnad Merca in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 466.54 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.
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