Signals, Powered By EquityPandit
SBIN Weekly Outlook and Analysis:
For the Week: (March 22,2021 – March 26,2021)
BSE: 500112| NSE: SBIN| ISIN: INE062A01020| SECTOR: BANKS
State Bank Of India Share Price : 371.15 (NSE)
SBI closed the Weekly on Negative Note Losing 2.61%
Weekly High: 387.85
Weekly Low: 357.25
Weekly Range: 30.60 points
Weekly Support & Resistance For SBIN:
| RESISTANCE 2 | 400 |
| RESISTANCE 1 | 386 |
| SUPPORT 1 | 357 |
| SUPPORT 2 | 343 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 357levels, Minor resistance on the upside is capped around 386 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 @343 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 @ 400
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 400 on upside and 343 on downside.
On the daily chart STATE BANK OF INDIA share price action filled the gap and retraced to exact high price of the day when preceding the gap. Now the key support level for the stock is placed at 357.
