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MARKET OUTLOOKSBINSTOCK OUTLOOK

SBI Outlook for the Week (August 14, 2023 – August 18, 2023)

SBI closed the previous week on a negative note losing 2.13%.

Technically, SBI share price will see immediate support at 567.53 and immediate resistance would be seen at 579.88.

If SBI share price closes below immediate support of 567.53, then sharp breakdown can be seen. SBI share price will see major support at 560.92 for the week.

On the positive side, immediate resistance will be seen at 579.88. Closing above 579.88, SBI share price will see a sharp breakout. Major resistance for SBI share price will be seen at 585.62 for the week.

Trading range for SBI share price for this week should be between 555.18 on down side and 592.23 on up side.

SBI Previous Week High: 579

SBI Previous Week Low: 566.65

SBI Previous Week Range: 12.35 Points

SBI share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 592.23
Resistance 2 585.62
Resistance 1 579.88
Support 1 567.53
Support 2 560.92
Support 3 555.18

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