EquityPandit’s Outlook for SBI for the week (May 18, 2020 – May 22, 2020):

STATE BANK OF INDIA:

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

Stock closed the week on Flat note losing 0.15%

Week High: 178.55

Week Low: 160.85

Week Range: 17.70 Points

State Bank of India

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 153 levels, Minor resistance on the upside is capped around at 178 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 @147 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 @ 183.60

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish . EquityPandit’s Predicts Range for the week as 183.60 on upside and 147 on downside.

Weekly Pivot Levels;