Overall Technical outlook

Price Summary

On 2025-09-04, TMB's stock began at 429.0, peaked at 429.0, dipped to 424.85, and closed up -0.82% at 425.5, with a volume of 30845 shares.
During the 52-week span, the stock hit a high of 502.8 and a low of 406.9.

Technicals

Support and Resistance: At 425.5, the price for TMB is supported at 417.7 and resisted at 426.85. This indicates a trading range where 417.7 serves as a support level, potentially preventing further decline, while 426.85 could limit upward movement.
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Support/Resistance for TMB


Aroon: The AROON is currently in a neutral position for Tamilnad Mercantile Bank Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent.
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Aroon chart for Tamilnad Mercantile Bank Limited


Bol. Bands: The BOLL BANDS is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation.
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Bolinger Bands chart for Tamilnad Mercantile Bank Limited


Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help sustain the market's upward movement. This strong support suggests that Tamilnad Mercantile Bank Limited is likely to continue trending higher, providing investors with confidence in the ongoing bullish momentum.
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Parabolic Stop and Reverse chart for Tamilnad Mercantile Bank Limited


Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
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Stochastic chart for Tamilnad Mercantile Bank Limited


Tripple Moving Agerage: The current alignment of the 20, 50, and 100 moving averages suggests a bullish trend, but the slopes of the 20 and 50 SMAs are showing signs of weakening. This decline in momentum could indicate that the current uptrend is losing steam, with a potential bearish reversal in price action likely to occur soon as the market approaches a turning point.
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Tripple SMA chart for Tamilnad Mercantile Bank Limited


Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall performance.