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Tamilnad Mercantile Bank Ltd

Check the daily chart of Tamilnad Mercantile Bank Ltd. The closing price of 2023-02-07 was INR462.25 per share.

Tamilnad Mercantile Bank Ltd Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Tamilnad Mercantile Bank Ltd Daily Moving Averages ChartTamilnad Mercantile Bank Ltd Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Tamilnad Mercantile Bank Ltd:

    Tamilnad Mercantile Bank Ltd Daily Moving Average Convergence/Divergence (MACD) ChartTamilnad Mercantile Bank Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
    1.3 Directional Movement Index (DMI)

    The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

    The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Tamilnad Mercantile Bank Ltd:

    • The ADX is .
    • The ADX is declining, there is no upcoming trend indication. -1
    • The +DI crossed the -DI to the downside. The trend is reversing to a down trend. -1
    Tamilnad Mercantile Bank Ltd Daily Directional Movement Index (DMI) ChartTamilnad Mercantile Bank Ltd Daily Directional Movement Index (DMI) Chart
    1.4 Parabolic SAR

    Shows the current trend and potential entry and exit signals.

    • Parabolic SAR (stop and reverse) is a lagging trend indicator.
    • Shows the current trend.
    • Shows potential entry signals.
    • Shows  potential exit signals.
    • Can be used to place trailing stoplosses..
  • The price has crossed the Parabolic SAR to the upside. The trend is reversing to an up trend. +1
  • Tamilnad Mercantile Bank Ltd Daily Parabolic SAR ChartTamilnad Mercantile Bank Ltd Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is below 50. -1
    • The RSI is below 30 and oversold. +2
    Tamilnad Mercantile Bank Ltd Daily Relative Strength Index (RSI) ChartTamilnad Mercantile Bank Ltd Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    • The Stochastic is below 30 and oversold. +2
    Tamilnad Mercantile Bank Ltd Daily Stochastic Oscillator ChartTamilnad Mercantile Bank Ltd Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Tamilnad Mercantile Bank Ltd Daily Commodity Channel Index (CCI) ChartTamilnad Mercantile Bank Ltd Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Tamilnad Mercantile Bank Ltd Daily Chande Momentum Oscillator (CMO) ChartTamilnad Mercantile Bank Ltd Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Tamilnad Mercantile Bank Ltd Daily Williams %R ChartTamilnad Mercantile Bank Ltd Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Tamilnad Mercantile Bank Ltd Daily Bollinger Bands ChartTamilnad Mercantile Bank Ltd Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Tamilnad Mercantile Bank Ltd Daily Average True Range (ATR) ChartTamilnad Mercantile Bank Ltd Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Tamilnad Mercantile Bank Ltd Daily On-Balance Volume (OBV) ChartTamilnad Mercantile Bank Ltd Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Tamilnad Mercantile Bank Ltd Daily Money Flow Index (MFI) ChartTamilnad Mercantile Bank Ltd Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for Tamilnad Mercantile Bank Ltd.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2023-01-24DMI LONG ENTRY SHORT CLOSE
    2023-01-25SAR SHORT ENTRY LONG CLOSEprice crossed sar to downside
    2023-01-27SAR LONG ENTRY SHORT CLOSEprice crossed sar to upside
    RSI LONG ENTRY SHORT CLOSE30 crossover to upside
    STOCH LONG ENTRY SHORT CLOSE20 crossover to upside
    2023-01-30MACD SHORT ENTRY LONG CLOSE
    CMO SHORT ENTRY LONG CLOSE-50 crossover to downside
    2023-01-31DMI SHORT ENTRY LONG CLOSE
    CMO SHORT ENTRY LONG CLOSE-50 crossover to downside
    2023-02-01RSI LONG ENTRY SHORT CLOSE30 crossover to upside
    2023-02-02CMO SHORT ENTRY LONG CLOSE-50 crossover to downside
    WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
    2023-02-03MACD LONG ENTRY SHORT CLOSE
    CCI SHORT ENTRY LONG CLOSE-100 crossover to downside

    5.2. Technical Score

    Let's check the technical score of Tamilnad Mercantile Bank Ltd based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    OpenGreater thanClose475.000
    Total1/1 (100.0%)

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