TMB NEWS why is Tamilnad Merca Bank Ltd price falling or rising

TMB NEWS reasons for why stock price of Tamilnad Merca Bank Ltd is falling or rising

TMB Tamilnad Merca is falling or rising technical reasons

Technical analysis forecast for Tamilnad Merca Stock is that its 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 TMB at this time. Stock is falling and might fall more.

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

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

My analysis of Tamilnad Merca is bearish for shortterm, and stock might move down till 471.1 or till 454.8. Use a stoploss of 484.74 and if the stock hits stoploss, then it can shoot up till 498.34

TMB Tamilnad Merca is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2024-04-18

Board Meeting to discuss Financial Results/Dividend To consider and approve the audited financial results for the quarter and year ended March 31, 2024 and to recommend final dividend, if any - NEWS as on 2024-04-16

Company Announcement Tamilnad Mercantile Bank Limited has informed the Exchange regarding Change in Director(s) of the company. - NEWS as on 2024-04-15

RBI rejects Tamilnad Mercantile Bank's proposal for CEO candidate Bank has been asked to submit "fresh panel of candidates with suitable experience" for the position of chief executive - NEWS as on 2024-04-13 business-standard.com

Company Announcement Tamilnad Mercantile Bank Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'. - NEWS as on 2024-04-03

Company Announcement Tamilnad Mercantile Bank Limited has informed the Exchange about Loss of Share Certificates - NEWS as on 2024-04-02

More announcements and NEWS

TMB Tamilnad Merca Bank Ltd current price & indicator signals

Moving Averages for Tamilnad Merca Bank Ltd

  • 5Day Average: 484.67
  • 12Day Average: 490.79
  • 20Day Average: 482.57
  • 50Day Average: 482.97
  • 100Day Average: 494.8
  • 150Day Average: 513.04
  • 200Day Average: 503.9

TMB Indicators & signals

Indicator MACD (12,26,9)

486.19, 484.2, 2.39
Indicator MACD is in positive zone

Indicator ADX (14)

9.3, 16.96, 20.44
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

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

Recent prices of TMB Tamilnad Merca Bank Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 482.20 477.00 to 485.55 0.01% 0.95 times
18 Thu Apr 2024 482.15 480.05 to 490.00 -0.74% 1.15 times
16 Tue Apr 2024 485.75 480.00 to 494.95 0.58% 0.53 times
15 Mon Apr 2024 482.95 475.05 to 488.95 -1.5% 0.93 times
12 Fri Apr 2024 490.30 488.00 to 495.90 -1.14% 0.52 times
10 Wed Apr 2024 495.95 491.00 to 499.90 -0.4% 0.67 times
09 Tue Apr 2024 497.95 492.00 to 501.00 -0.19% 0.77 times
08 Mon Apr 2024 498.90 493.40 to 504.10 0.7% 1.68 times
05 Fri Apr 2024 495.45 492.60 to 502.00 0.19% 2 times
04 Thu Apr 2024 494.50 491.70 to 499.00 0.64% 0.89 times
03 Wed Apr 2024 491.35 484.00 to 499.00 -0.14% 0.86 times
02 Tue Apr 2024 492.05 491.20 to 498.55 -0.32% 0.4 times

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