Overall Technical outlook

Price Summary

Tamilnad Mercantile Bank Limited's stock began trading at 448.8 on 2025-05-30, soared to 451.95, dipped to 447.15, and finished the day -0.09% down at 448.4, with 80473 shares exchanged.
Over the course of 52 weeks, the stock peaked at 502.8 and hit a low of 406.9.

Technicals

Support and Resistance: The price currently sits at 448.4, finding support at 438.05 and resistance at 451.9. These levels define a range for Tamilnad Mercantile Bank Limited where the price may move, with 438.05 offering a base and 451.9 limiting upward momentum.
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Support/Resistance for TMB


Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Aroon chart for Tamilnad Mercantile Bank Limited


Bol. Bands: The current state of the BOLL BANDS is neutral for TMB, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements.
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Bolinger Bands chart for Tamilnad Mercantile Bank Limited


Parabolic SAR: The PSAR remains bearish, reinforcing a resistance level that could restrict any upward movement. This resistance indicates that the market may remain under bearish control, with limited potential for gains.
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Parabolic Stop and Reverse chart for Tamilnad Mercantile Bank Limited


Stochastic: The current reading of the STOCHASTIC is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place.
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Stochastic chart for Tamilnad Mercantile Bank Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages reflects a bearish trend, signaling a downtrend. Despite this, the slower SMAs seem to be losing steam, hinting at a possible change. This weakening in the bearish trend may suggest that the market is preparing for a bullish pivot, with a potential reversal in direction occurring soon.
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Tripple SMA chart for Tamilnad Mercantile Bank Limited


In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.