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Tamilnad Mercantile Bank Limited

Tamilnad Mercantile Bank Limited (TMB.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Tamilnad Mercantile Bank Limited.

TMB.BO●BSE
Financial ServicesBanks - Regional
₹777.45
₹31.75(4.26%)
Indian Market opens in 30h 40m
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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

Tamilnad Mercantile Bank Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 60.40)
Trend Strength:Moderate (ADX: 26.39)
Volatility:Medium (ATR: 26.94)
Support/Resistance:$722.66 – $798.59 (Bollinger Bands)

Overall, Tamilnad Mercantile Bank Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 60.40

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 34.25

Bearish
Momentum remains weak below midpoint.

Williams %R: -30.28

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 0.71

Neutral
Price change is minimal.

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

Trend & Volatility

MACD: 7.73

Bullish
Bullish, trend momentum is strengthening.

ADX: 26.39

Moderate
Moderate trend, direction gaining strength.

ATR (14): 26.94

Rising
Rising volatility, market activity increasing.

CCI (14): 56.54

Bullish
Bullish, momentum building upward.

Takeaway:Tamilnad Mercantile Bank Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$798.59
Middle Band (SMA 20)
$760.62
Lower Band
$722.66
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$803.43
Middle Line (EMA 20)
$749.55
Lower Channel
$695.67
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 Volume759.84K
Money Flow Index71.39Bullish, inflows support continued momentum.
Relative Vigor Index50.80Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:TMB.BO shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Tamilnad Mercantile Bank Limited, 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.

Overall Recommendation:Technical indicators for Tamilnad Mercantile Bank Limited are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ