Munafa technical analysis Tamilnad Merca Bank Ltd TMB technical analysis buy or sell

Munafa technical analysis Tamilnad Merca Bank Ltd TMB technical analysis buy or sell Analysis of Tamilnad Merca Bank Ltd TMB to buy or sell for Daily, weekly or monthly

Date Close Open High Low
28 Thu Mar 485.60 486.95 490.00 474.55
27 Wed Mar 476.25 457.00 495.60 450.95
26 Tue Mar 456.35 462.40 467.45 455.00
22 Fri Mar 462.40 462.60 466.00 459.55
21 Thu Mar 462.60 465.00 470.00 460.00

Stock of Tamilnad Merca Bank Ltd closed at 485.60 and it opened at 486.95
It moved inside a range of 474.55 and 490.00

52 week High is 611.35 and 52 week Low is 399.00
Financial Year High is 485.60 and Low is 474.55
This year High is 514.70 and Low is 450.95

Tamilnad Merca Bank Ltd TMB Daily Analysis to buy or sell

As per my analysis of Tamilnad Merca Bank Ltd TMB, 12 day returns for Tamilnad Merca Bank Ltd TMB have been positive, with total returns of 17.45, which is 3.73% with investment starting at 468.15.
An investment of 100,000 bucks in Tamilnad Merca Bank Ltd would have become 103730 bucks today.

Tamilnad Merca Bank Ltd TMB moves in a range of 6.7 points on a day to day basis. This means that a total of approx 6.7 plus points of returns can be expected in a bullish day, and a total of 6.7 minus points can be expected in a bearish day.
This is about 1.38% of returns per day.

Tamilnad Merca Bank Ltd Munafa analysis, looking for Trend and BUY or SELL opportunities.

 Tamilnad Merca Bank Ltd Munafa analysis, looking for Trend and  BUY or SELL opportunities.

Stock is in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Tamilnad Merca Bank Ltd TMB at this time.

It appears as if Tamilnad Merca Bank Ltd TMB gave a large move recently.

Stock of Tamilnad Merca Bank Ltd (TMB) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Tamilnad Merca Bank Ltd is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Tamilnad Merca Bank Ltd stays above 483.4, but if it comes below 483.4, then a intra day sell could be more profitable.
If you take a sell trade below 483.4, then use 483.4 as stoploss and 471.97 as target. However if you take a buy trade in Tamilnad Merca Bank Ltd, then use 483.4 as stoploss and 497 as target.

You can find more Price Targets here or Forecast here for Shortterm, Midterm, and Longterm

Daily Candle Stick analysis of Tamilnad Merca Bank Ltd TMB

 Daily Candle Stick analysis of Tamilnad Merca Bank Ltd TMB

Candle stick analysis of Tamilnad Merca Bank Ltd as on 28 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 3.3 HC: 0.9 LC: 2.3 OC: 0.6

Tamilnad Merca Bank Ltd is moving towards a high expiry

Candle stick analysis of Tamilnad Merca Bank Ltd as on 27 Wed Mar 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 9.9 HC: 4.1 LC: 5.6 OC: 8.5

Tamilnad Merca Bank Ltd is moving towards a high expiry

Candle stick analysis of Tamilnad Merca Bank Ltd as on 26 Tue Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 2.7 HC: 2.4 LC: 0.3 OC: 1.1

Tamilnad Merca Bank Ltd is moving towards a low expiry

Candle stick analysis of Tamilnad Merca Bank Ltd as on 22 Fri Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 1.4 HC: 0.8 LC: 0.6 OC: 0.7

Tamilnad Merca Bank Ltd is moving towards a low expiry

Candle stick analysis of Tamilnad Merca Bank Ltd as on 21 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 2.2 HC: 1.6 LC: 0.6 OC: 1.1

Tamilnad Merca Bank Ltd is moving towards a low expiry

Tamilnad Merca Bank Ltd TMB Weekly Analysis to buy or sell

As per my analysis of Tamilnad Merca Bank Ltd TMB, 12 week returns for Tamilnad Merca Bank Ltd TMB have been negative, with total returns of -10.05, which is -2.03% with investment starting at 495.65.
An investment of 100,000 bucks in Tamilnad Merca Bank Ltd would have become 97970 bucks today.

Tamilnad Merca Bank Ltd TMB moves in a range of 8.8 points on a week to week basis. This means that a total of approx 8.8 plus points of returns can be expected in a bullish week, and a total of 8.8 minus points can be expected in a bearish week.
This is about 1.81% of returns per week.

Weekly Candle Stick analysis of Tamilnad Merca Bank Ltd TMB

 Weekly Candle Stick analysis of Tamilnad Merca Bank Ltd TMB

Candle stick analysis of Tamilnad Merca Bank Ltd as on 28 Thu Mar 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 9.9 HC: 2.1 LC: 7.7 OC: 7.2

Tamilnad Merca Bank Ltd is moving towards a high expiry

Candle stick analysis of Tamilnad Merca Bank Ltd as on 22 Fri Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 3.1 HC: 1.6 LC: 1.4 OC: 0

Tamilnad Merca Bank Ltd is moving towards a low expiry

Tamilnad Merca Bank Ltd is forming a DOJI candle

Candle stick analysis of Tamilnad Merca Bank Ltd as on 15 Fri Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 8.7 HC: 5.9 LC: 2.6 OC: 0

Tamilnad Merca Bank Ltd is moving towards a low expiry

Tamilnad Merca Bank Ltd is forming a DOJI candle

Candle stick analysis of Tamilnad Merca Bank Ltd as on 07 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 3 HC: 1.3 LC: 1.8 OC: 0

Tamilnad Merca Bank Ltd is moving towards a high expiry

Tamilnad Merca Bank Ltd is forming a DOJI candle

Candle stick analysis of Tamilnad Merca Bank Ltd as on 02 Sat Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 5.6 HC: 1.5 LC: 4 OC: 0

Tamilnad Merca Bank Ltd is moving towards a high expiry

Tamilnad Merca Bank Ltd is forming a DOJI candle

Tamilnad Merca Bank Ltd TMB Monthly Analysis to buy or sell

As per my analysis of Tamilnad Merca Bank Ltd TMB, 12 month returns for Tamilnad Merca Bank Ltd TMB have been positive, with total returns of 72.4, which is 17.52% with investment starting at 413.20.
An investment of 100,000 bucks in Tamilnad Merca Bank Ltd would have become 117520 bucks today.

Tamilnad Merca Bank Ltd TMB moves in a range of 19.9 points on a month to month basis. This means that a total of approx 19.9 plus points of returns can be expected in a bullish month, and a total of 19.9 minus points can be expected in a bearish month.
This is about 4.1% of returns per month.

Monthly Candle Stick analysis of Tamilnad Merca Bank Ltd TMB

 Monthly Candle Stick analysis of Tamilnad Merca Bank Ltd TMB

Candle stick analysis of Tamilnad Merca Bank Ltd as on 28 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 9.9 HC: 2.1 LC: 7.7 OC: 0.1

Tamilnad Merca Bank Ltd is moving towards a high expiry

Tamilnad Merca Bank Ltd is forming a DOJI candle

Candle stick analysis of Tamilnad Merca Bank Ltd as on 23 Fri Feb 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 9.8 HC: 4.8 LC: 4.8 OC: 2.3

Candle stick analysis of Tamilnad Merca Bank Ltd as on 25 Thu Jan 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 4.7 HC: 2.5 LC: 2.2 OC: 0.9

Tamilnad Merca Bank Ltd is moving towards a low expiry

Candle stick analysis of Tamilnad Merca Bank Ltd as on 29 Fri Dec 2023 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 10.5 HC: 8.1 LC: 2.2 OC: 6.3

Tamilnad Merca Bank Ltd is moving towards a low expiry

Candle stick analysis of Tamilnad Merca Bank Ltd as on 24 Fri Nov 2023 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Tamilnad Merca Bank Ltd are:
HL: 10.9 HC: 10.3 LC: 0.6 OC: 4.6

Tamilnad Merca Bank Ltd is moving towards a low expiry

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