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538942 NEWS why is Mercantile price falling or rising

538942 NEWS reasons for why stock price of Mercantile is falling or rising

538942 Mercantile is falling or rising technical reasons

Technical analysis forecast of Mercantile Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Mercantile 538942 at this time. Stock is rising and might rise more.

It appears as if Mercantile 538942 gave a large move recently.

Stock of Mercantile (538942) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Mercantile is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 25.5 as stoploss in an intra day sell trade for a target of 23.75. However, stock will show a bullish move above 25.5.

538942 Mercantile is falling or rising NEWS fundamental reasons

Tamilnad Mercantile Bank to shift 50% workforce into sales roles in 2 yrs amid tech automation Tamilnad Mercantile Bank is shifting its focus to boost revenues. Over half its staff will be retrained for sales roles. Technology investments will automate many routine tasks. The bank plans to hire over 200 new employees. This strategic move aims to enh - NEWS as on 2026-02-11 indiatimes.com

Tamilnad Mercantile Bank adopts Oracle Fusion Cloud to boost efficiency The private sector lender says Oracle Fusion Cloud Applications have helped unify finance, HR and customer experience operations, driving automation, productivity gains and cost savings - NEWS as on 2026-02-10 business-standard.com

Mercantile Ventures standalone net profit rises 41.18% in the December 2025 quarter Sales rise 16.04% to Rs 10.78 crore - NEWS as on 2026-02-06 business-standard.com

More announcements and NEWS

538942 Mercantile current price & indicator signals

Moving Averages for Mercantile

  • 5Day Average: 25.13
  • 12Day Average: 23.93
  • 20Day Average: 22.88
  • 50Day Average: 23.45
  • 100Day Average: 25.7
  • 150Day Average: 26.67
  • 200Day Average: 25.78

538942 Indicators & signals

Indicator MACD (12,26,9)

24.17, 23.64, 0.15
Indicator MACD is in positive zone

Indicator ADX (14)

21.13, 23.76, 15.47
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 538942 Mercantile are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Tue Feb 2026 25.02 24.51 to 26.50 -0.44% 0.33 times
16 Mon Feb 2026 25.13 24.32 to 26.50 1.78% 0.67 times
13 Fri Feb 2026 24.69 24.03 to 26.18 -2.18% 0.78 times
12 Thu Feb 2026 25.24 24.58 to 26.50 -1.29% 1.56 times
11 Wed Feb 2026 25.57 25.00 to 26.60 3.48% 1.07 times
10 Tue Feb 2026 24.71 24.00 to 25.99 0.82% 2.1 times
09 Mon Feb 2026 24.51 23.95 to 25.40 5.42% 0.92 times
06 Fri Feb 2026 23.25 21.27 to 23.53 -1.19% 0.69 times
05 Thu Feb 2026 23.53 21.00 to 24.00 10.89% 1.31 times
04 Wed Feb 2026 21.22 21.00 to 22.00 -3.55% 0.02 times
03 Tue Feb 2026 22.00 22.00 to 22.29 -1.3% 0.89 times
02 Mon Feb 2026 22.29 22.29 to 22.56 0.86% 0.01 times

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