SBI Weekly Outlook and Analysis:

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

SBI closed the previous week on a negative note losing 2.85%

Technically, SBI share price will see immediate support at 606.20 and immediate resistance would be seen at 623.90

If SBI share price closes below immediate support of 606.20, then sharp breakdown can be seen. SBI share price will see major support at 596.35 for the week.

On the positive side, immediate resistance will be seen at 623.90. Closing above 623.90, SBI share price will see a sharp breakout. Major resistance for SBI share price will be seen at 631.75 for the week.

Trading range for SBI share price for this week should be between 588.50 on down side and 641.60 on up side.

SBI Previous Week High: 621.9

SBI Previous Week Low: 604.2

SBI Previous Week Range: 17.7 Points

SBI share price support and resistance for the week (July 31, 2023 – August 04, 2023)