Overall Technical outlook

Price Summary

On 2025-04-25, Tamilnad Mercantile Bank Limited's stock started at 454.65, soared to 463.95, dropped to 441.5, and finished the day -1.96% lower at 445.75, with a trading volume of 223138 shares.
The stock's highest price over the 52-week span is 502.8, while the lowest price is 406.9.

Technicals

Support and Resistance: The current price is 445.75, with support at 443.45 and resistance at 456.85. This range suggests that the price might move between these levels, with 443.45 offering support and 456.85 capping further gains for Tamilnad Mercantile Bank Limited.
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Support/Resistance for TMB


Aroon: The current state of the AROON is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
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Aroon chart for Tamilnad Mercantile Bank Limited


Bol. Bands: The price crossing below the upper Bollinger Band signals a potential bearish reversal. This movement may indicate that the asset's recent bullish trend is weakening, and a decline could follow. Traders often interpret this as a sign that the market is overbought, suggesting that a correction or pullback is likely, making it a crucial time to consider adjusting trading positions.
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Bolinger Bands chart for Tamilnad Mercantile Bank Limited


Parabolic SAR: The PSAR for TMB continues to signal a bullish outlook, establishing a crucial support level that may help sustain the current upward momentum. This level of support suggests that the market is likely to continue trending higher, providing a foundation for ongoing bullish movement.
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Parabolic Stop and Reverse chart for Tamilnad Mercantile Bank Limited


Stochastic: The STOCHASTIC is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
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Stochastic chart for Tamilnad Mercantile Bank Limited


Tripple Moving Agerage: The current state of the Tripple MOVING AVG 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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Tripple SMA chart for Tamilnad Mercantile Bank Limited


When assessing a company's technical performance, such as stock price fluctuations and trading volume, it is crucial to first examine its fundamentals. These fundamentals include financial health, profitability, and growth potential. Additionally, understanding the industry's dynamics, including competitive pressures and market trends, is key to contextualizing the company's performance. By integrating these factors, a more comprehensive and meaningful analysis can be conducted, leading to more informed investment decisions.