EquityPandit’s Outlook for SBI for the week (June 15, 2020 – June 19, 2020):

STATE BANK OF INDIA:

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

Stock closed the week on Negative note losing 4.60%

Week High:197.50

Week Low: 169.80

Week Range: 27.7 Points

State Bank of India

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 169.50 levels, Minor resistance on the upside is capped around at 183.30 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 @162.80 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 @ 191.30

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish . EquityPandit’s Predicts Range for the week as 191.30 on upside and 162.80 on downside.

WEEKLY PIVOT LEVELS: