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Tamilnad Mercantile Bank Limited

TMB.BO Technical Analysis Summary (BSE)

Analyze TMB.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

TMB.BO●BSE
Financial ServicesBanks - Regional
₹878.15
₹8.15(0.94%)
Indian Market opens in 28h 52m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

TMB.BO Technical Analysis Summary (BSE)

Tamilnad Mercantile Bank Limited (BSE: TMB.BO) stock currently shows a bullish trend on the BSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 61.55)
Trend Strength:Strong (ADX: 35.16)
Volatility:Medium (ATR: 25.78)
Support/Resistance:$832.51 – $892.37 (Bollinger Bands)

Technical conditions suggest Tamilnad Mercantile Bank Limited on the BSE is awaiting a decisive move. Overall, Tamilnad Mercantile Bank Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 61.55

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 55.06

Neutral
Mid-range signal with no clear trend.

Williams %R: -24.38

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 1.86

Bullish
Steady upward momentum.

Takeaway:Tamilnad Mercantile Bank Limited shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: 14.26

Bullish
Bullish, trend momentum is strengthening.

ADX: 35.16

Strong
Strong trend, momentum well established.

ATR (14): 25.78

Rising
Rising volatility, market activity increasing.

CCI (14): 114.60

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Tamilnad Mercantile Bank Limited shows overheated trend conditions, with risk of sharp pullback.

Support & Resistance indicators
Bollinger Bands
Upper Band
$892.37
Middle Band (SMA 20)
$862.44
Lower Band
$832.51
Current Position
Within Bands

Takeaway:Tamilnad Mercantile Bank Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$902.04
Middle Line (EMA 20)
$850.48
Lower Channel
$798.92
Squeeze Status
Squeeze On

Takeaway:Tamilnad Mercantile Bank Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume492.21K
Money Flow Index52.09Neutral, balanced money flows with no clear signal.
Relative Vigor Index49.74Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:TMB.BO shows balanced money flow with a slight bullish bias.

Technical Trading Signals Summary
Based on the current technical analysis of Tamilnad Mercantile Bank Limited (BSE: TMB.BO), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Tamilnad Mercantile Bank Limited stock shows a Strong Buy signal — momentum and trend strength are firmly positive, supported by stable volatility.

(BSE: TMB.BO) Technical Analysis FAQ