TAMILNAD MERICA BANK LTD

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As of May 21, 2025, Tamilnad Mercantile Bank Ltd. (NSE: TMB) is trading at ₹451.80, reflecting a 0.97% increase over the previous day.

📊 1-Day Support & Resistance Levels (Classic Pivot Method)
Based on the previous trading day's price range, the following support and resistance levels have been identified:

Support Levels:
S1: ₹449.03
S2: ₹446.27
S3: ₹443.43

Resistance Levels:
R1: ₹454.63
R2: ₹457.47
R3: ₹460.23

Pivot Point: ₹451.87

📈 Technical Indicators
Moving Averages:

20-day EMA: ₹444.47

50-day EMA: ₹437.38

100-day EMA: ₹438.24

200-day EMA: ₹446.85

Oscillators:

Relative Strength Index (RSI 14): 58.01 (indicates uptrend)

Commodity Channel Index (CCI 14): 62.68 (indicates uptrend)

Money Flow Index (MFI): 74.25 (indicates strong uptrend)

🔍 Trading Insights
The current price is slightly below the pivot point, suggesting a neutral to slightly bullish stance. If the price moves above the pivot point, it may test the resistance levels. Conversely, a drop below the pivot could lead to testing the support levels.

Disclaimer

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