Overall Technical outlook

Price Summary

Tamilnad Mercantile Bank Limited's stock began trading at 431.0 on 2025-10-17, soared to 442.9, dipped to 427.5, and finished the day 1.82% higher at 438.85, with 122407 shares exchanged.
Over the past year, the stock's highest price was 502.8, and its lowest was 406.9.

Technicals

Support and Resistance: The current price is 438.85, with support at 425.95 and resistance at 442.1. This range suggests that the price might move between these levels, with 425.95 offering support and 442.1 capping further gains for Tamilnad Mercantile Bank Limited.
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Support/Resistance for TMB


Aroon: The bullish trend in Aroon remains, with Aroon Up consistently at the 100 level. This points to sustained upward momentum, but the trend should be explored further alongside other indicators to better understand its implications.
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Aroon chart for Tamilnad Mercantile Bank Limited


Bol. Bands: The current price has broken above the upper Bollinger Band, marking a bullish move in its latest action. This upward movement suggests that the market is experiencing strong buying interest, driving the price higher. Traders may view this as a positive indicator of continued momentum, potentially leading to further price increases.
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Bolinger Bands chart for Tamilnad Mercantile Bank Limited


Parabolic SAR: The PSAR has moved from a bearish to a bullish direction, signaling a potential trend reversal. If this change aligns with other indicators, it could suggest a strong bullish signal. Traders should consider this shift as a possible opportunity, particularly if other market signals support the new direction.
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Parabolic Stop and Reverse chart for Tamilnad Mercantile Bank Limited


Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Stochastic chart for Tamilnad Mercantile Bank Limited


Tripple Moving Agerage: The Tripple MOVING AVG 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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Tripple SMA chart for Tamilnad Mercantile Bank Limited


To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.