Overall Technical outlook

Price Summary

TMB's shares experienced a significant -2.13% drop, indicating a mediocre market performance.
Tamilnad Mercantile Bank Limited's stock opened at 610.0 on 2026-02-03, surged to 610.0, dropped to 588.55, and ended -2.13% lower at 597.0, with 223453 shares traded.
In the 52-week period, the stock's peak price is 609.25, and the lowest price recorded is 406.9.

Technicals


Aroon: The AROON is showing a neutral stance, with no definitive indication of an upward or downward trend for TMB. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.
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Aroon chart for Tamilnad Mercantile Bank Limited


Bol. Bands: The price moving below the upper Bollinger Band could be a precursor to a decline. This signal might suggest that the asset is overbought and that a correction is on the horizon. Traders often use this indicator to anticipate potential reversals, as it signals a weakening of bullish momentum, making it a critical point for decision-making in trading strategies.
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Bolinger Bands chart for Tamilnad Mercantile Bank Limited


Parabolic SAR: The PSAR continues to be bullish for TMB, setting a strong support level that could sustain the ongoing upward trend. This level of support indicates that the market is likely to continue its positive trajectory, offering a base for continued bullish movement.
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Parabolic Stop and Reverse chart for Tamilnad Mercantile Bank Limited


Stochastic: The current state of the STOCHASTIC is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
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Stochastic chart for Tamilnad Mercantile Bank Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend for TMB is losing steam, possibly leading to a bullish reversal in the near future. Investors should watch for signs of a market turnaround as the current downtrend shows signs of faltering.
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Tripple SMA chart for Tamilnad Mercantile Bank Limited


A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.