Tamilnad Mercantile Bank (TMB) – Update | 3.5% Move from Our Lvl🟢 Tamilnad Mercantile Bank (TMB) – Update | 3.5% Move from Our Level 🚀
Latest Update : Our analysis shared around ₹499 has played out well — TMB made an intraday high of ₹517, gaining nearly 3.5% from the mentioned level.
🏦 Company Overview:
Tamilnad Mercantile Bank Limited is one of the oldest and leading old private sector banks in India. The bank offers a wide range of banking products and services to retail, MSME, agricultural, and corporate customers.
Retail Products: Home loans, personal loans, auto loans, educational loans, business loans, and security-backed loans.
MSME Portfolio: Loans for manufacturing, traders, and service sector enterprises.
Agricultural Loans: Offered to individual farmers, farmer groups, agri-businesses, and agri-corporates.
📊 Technical View:
High Reached: ₹517 (▲3.5%)
Resistance: ₹510 – price tested and faced mild rejection here.
Supports: ₹466 / ₹440
💡 View: The stock showed strong momentum from the support zone and approached its major 1-year resistance area near ₹510–₹515. A sustained close above ₹515 can confirm a breakout and open the next upside targets of ₹535 / ₹600.
📈 For educational purpose only. Not a buy/sell recommendation.
