Signals, Powered By EquityPandit
SBIN Weekly Outlook and Analysis:
For the Week: (Feb 14, 2022 – Feb 18, 2022)
BSE: 500112| NSE: SBIN| ISIN: INE062A01020| SECTOR: BANKS
State Bank Of India Share Price : 529.60 (NSE)
SBI closed the Weekly on Flat Note
Weekly High: 549
Weekly Low: 519
Weekly Range: 30 points
Weekly Support & Resistance For SBIN:
| RESISTANCE 2 | 562 |
| RESISTANCE 1 | 546 |
| SUPPORT 1 | 516 |
| SUPPORT 2 | 502 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 516 levels, Minor resistance on the upside is capped around 546 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 502 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 562
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 562 on upside and 502 on downside.
