Is T N Merc. Bank technically bullish or bearish?
As of November 4, 2025, T N Merc. Bank's trend has shifted to bullish, supported by a bullish MACD and moving averages, though caution is advised due to a mildly bearish monthly MACD.
As of 4 November 2025, the technical trend for T N Merc. Bank has changed from sideways to bullish. The current stance is bullish with moderate strength. Key indicators driving this include a bullish MACD on the weekly chart and bullish moving averages on the daily chart. Additionally, the Bollinger Bands and Dow Theory both indicate a mildly bullish outlook on the weekly and monthly time frames. However, the monthly MACD remains mildly bearish, which suggests some caution. Overall, the positive price action, including today's high surpassing the previous close, supports the bullish sentiment.
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