Check State Bank Of India Full Analysis At Unicorn Signals

State Bank Of India Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – Aug 04, 2023)

State Bank of India Outlook for the Week (July 31, 2023 – Aug 04, 2023)

BSE: 500112| NSE: SBIN| ISIN: INE062A01020| SECTOR: BANKS

State Bank Of India Share Price : 616.05 (NSE)

SBI closed the Weekly on Positive Note Gaining  0.15%

Weekly High: 621.90

Weekly Low: 604.20

Weekly Range: 17.70 points

Weekly Support & Resistance For SBIN:

RESISTANCE 2	632
RESISTANCE 1	624
SUPPORT 1	606
SUPPORT 2	596

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 606 levels, Minor resistance on the upside is capped around 624 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 @ 596 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 @ 632

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 632 on upside and 596 on downside.