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Tamilnad Mercantile Bank Share Price Target - Tomorrow, Next Week & Next Month
Tamilnad Mercantile Bank Limited | |||
 | Symbol: TMB | ||
| Price: ₹439.29 | |||
| Exchange: NSE | |||
| Basic Materials -> Gold | |||
Show Table of Contents
Table of Contents
- 1: Tamilnad Mercantile Bank Recent Performance
- 2: Chart: Tamilnad Mercantile Bank Share Price Target - Tomorrow
- 3: Table: Tamilnad Mercantile Bank Share Price Target - Tomorrow
- 4: Summary: Tamilnad Mercantile Bank Share Price Prediction For Tomorrow
- 5: Chart: Tamilnad Mercantile Bank Share Price Target - Next Week
- 6: Table: Tamilnad Mercantile Bank Share Price Target - Next Week
- 7: Summary: Tamilnad Mercantile Bank Share Price Prediction For Next Week
- 8: Chart: Tamilnad Mercantile Bank Share Price Target - Next Month
- 9: Table: Tamilnad Mercantile Bank Share Price Target - Next Month
- 10: Summary: Tamilnad Mercantile Bank Share Price Prediction For Next Month
Tamilnad Mercantile Bank Recent Performance
Over the past 24 trading days, the value of Tamilnad Mercantile Bank's stock has decreased by ₹12.66 (-2.80%). On 11 Oct 2024, one share was worth ₹451.95 and by 14 Nov 2024, the value dropped to ₹439.29. During this period it created a highest high of ₹457.95 and lowest low of ₹418.10.
Below Image represents line chart of daily close price of Tamilnad Mercantile Bank, helping you visualize how the price has changed day by day.
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Chart: Tamilnad Mercantile Bank Share Price Target - Tomorrow
The line chart displays the Tamilnad Mercantile Bank daily closing prices for the past 24 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Tamilnad Mercantile Bank shares for Thu 14 Nov 2024, see the table below.
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Table: Tamilnad Mercantile Bank Share Price Target - Tomorrow
By analyzing Tamilnad Mercantile Bank stock with yesterday and past crucial price points and technical indicators we derived following targets for Tomorrow: Mon, 18 Nov, 2024!
| Tamilnad Mercantile Bank's Levels | Value | Reason/Importance |
|---|---|---|
| Tomorrow Target 3 | 453.00 (+3.12%) | Price Action: May 2024 Low |
| Tomorrow Target 2 | 448.38 (+2.06%) | Technical Indicator: MA50 |
| Tomorrow Target 1 | 443.70 (+1%) | Price Action: 18 Oct 2024 High |
| Current Price | 439.29 | Tamilnad Mercantile Bank's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 438.14 (-0.27%) | Price Action: 11 Nov 2024 Low |
| Stop Loss 2 | 436.28 (-0.69%) | Fibonacci Retracement Level 78.6% |
| Stop Loss 3 | 433.80 (-1.25%) | Price Action: Apr 2023 High |
Summary: Tamilnad Mercantile Bank Share Price Prediction For Tomorrow
Thu 14 Nov 2024: Tamilnad Mercantile Bank finished the day at ₹439.29, losing ₹-0.85 (-0.19%) in 1 day.
In summary, our analysis of Tamilnad Mercantile Bank for tomorrow predicts a rise of 1% to 3.12% with three potential targets T1: ₹443.70, T2: ₹448.38, T3: ₹453.00 and Stop-Loss (SL) at SL1: ₹438.14, SL2: ₹436.28, SL3: ₹433.80.
Additionally, we've identified a support level at ₹435.00 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹441.00, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.
After looking at tomorrow's share price prediction, let's now check what next week might hold for Tamilnad Mercantile Bank.
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Chart: Tamilnad Mercantile Bank Share Price Target - Next Week
The chart displays the Tamilnad Mercantile Bank weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.
For detailed target and stop loss values for Tamilnad Mercantile Bank shares for next week, see the table below.
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Table: Tamilnad Mercantile Bank Share Price Target - Next Week
By analyzing Tamilnad Mercantile Bank stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!
| Tamilnad Mercantile Bank's Levels | Value | Reason/Importance |
|---|---|---|
| Next Week Target 3 | 452.32 (+2.96%) | Custom Fibonacci Extension Lvl 82% |
| Next Week Target 2 | 447.70 (+1.91%) | Price Action: 01 Nov 2024 Low |
| Next Week Target 1 | 443.00 (+0.84%) | Price Action: 28 Oct 2024 High |
| Current Price | 439.29 | Tamilnad Mercantile Bank's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 438.14 (-0.27%) | Price Action: 11 Nov 2024 Low |
| Stop Loss 2 | 433.64 (-1.29%) | Price Action: 24 Oct 2024 High |
| Stop Loss 3 | 428.64 (-2.43%) | Fibonacci Retracement Extended 40% |
Summary: Tamilnad Mercantile Bank Share Price Prediction For Next Week
As of Thu 14 Nov 2024, Tamilnad Mercantile Bank share price stands at ₹439.29, losing ₹-0.96 (-0.22%) in this week.
In summary, our analysis of Tamilnad Mercantile Bank for next week predicts a rise of 0.84% to 2.96% with three potential targets T1: ₹443.00, T2: ₹447.70, T3: ₹452.32 and Stop-Loss (SL) at SL1: ₹438.14, SL2: ₹433.64, SL3: ₹428.64.
Additionally, we've identified a support level at ₹433.45 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹447.79, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for Tamilnad Mercantile Bank.
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Chart: Tamilnad Mercantile Bank Share Price Target - Next Month
The chart displays the Tamilnad Mercantile Bank monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Tamilnad Mercantile Bank shares for next month, see the table below.
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Table: Tamilnad Mercantile Bank Share Price Target - Next Month
By analyzing Tamilnad Mercantile Bank stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!
| Tamilnad Mercantile Bank's Levels | Value | Reason/Importance |
|---|---|---|
| Next Month Target 3 | 457.95 (+4.24%) | Fibonacci Extension Level 100% |
| Next Month Target 2 | 451.50 (+2.77%) | Price Action: 04 Nov 2024 High |
| Next Month Target 1 | 447.00 (+1.75%) | Price Action: 06 Nov 2024 High |
| Current Price | 439.29 | Tamilnad Mercantile Bank's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 436.00 (-0.75%) | Price Action: 21 Oct 2024 Low |
| Stop Loss 2 | 431.39 (-1.8%) | Price Action: 22 Oct 2024 Low |
| Stop Loss 3 | 427.00 (-2.8%) | Price Action: 24 Oct 2024 Low |
Summary: Tamilnad Mercantile Bank Share Price Prediction For Next Month
As of Thu 14 Nov 2024, Tamilnad Mercantile Bank share price stands at ₹439.29, losing ₹-10.91 (-2.42%) in this month.
In summary, our analysis of Tamilnad Mercantile Bank for next month predicts a rise of 1.75% to 4.24% with three potential targets T1: ₹447.00, T2: ₹451.50, T3: ₹457.95 and Stop-Loss (SL) at SL1: ₹436.00, SL2: ₹431.39, SL3: ₹427.00.
Additionally, we've identified a support level at 435.00 — think of this as a safety net where the price might stop falling and there's also a resistance level at 457.95, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for Tamilnad Mercantile Bank, we created a specific page for that check here: Tamilnad Mercantile Bank Share Price target for 2024 and 2025
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As we wrap up, we hope you like our study on Tamilnad Mercantile Bank short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Tamilnad Mercantile Bank Share Price History
- Tamilnad Mercantile Bank Price Long Term Target
- Tamilnad Mercantile Bank Dividend History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
