Tamilnad Merca Bank trying to rise with volumes.Tamilnad Mercantile Bank Ltd. engages in the provision of banking services. It offers loan products, current accounts, business and prepaid cards, online and foreign exchange services. It operates through the following business segments: Treasury, Corporate/Wholesale Banking, and Retail Banking.
Tamilnad Mercantile Bank Ltd. Closing price is 456.10. The positive aspects of the company are Very Attractive Valuation (P.E. = 6.1), Companies with Zero Promoter Pledge, Companies with Low Debt, Company able to generate Net Cash - Improving Net Cash Flow, FII / FPI or Institutions increasing their shareholding and Mutual Funds Increased Shareholding over the Past Two Months. The Negative aspects of the company are Stocks Underperforming their Industry Price Change in the Quarter, Declining profits every quarter for the past 2 quarters and Increase in Provisions in Recent Results.
Entry can be taken after closing above 457 Historical Resistance in the stock will be 472 and 486. PEAK Historic Resistance in the stock will be 494 and 502. Stop loss in the stock should be maintained at Closing below 437 or 423 depending upon your risk taking ability.
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TMB trade ideas
TMB Trading Above Fresh Demand ZoneTMB is currently trading at ₹456.85, above its fresh demand zone between ₹450.55 and ₹442.55, established on 27th November 2024. This untested zone reflects potential buying interest, and investors may monitor for signs of price action near this level to evaluate trading opportunities.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
TMBwe are looking TMB bullish move.
Disclaimer:
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TMB a casual postI came across this script as it was tempting me to analyze, find the possible entry. But, When I actually viewed this script chart on trading view in conventional red and green type, I was astonished to see the quantum of red vs green candles.
This does not change my view or analysis as such for the script, but for a change it was an experience for me, so sharing it.