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MARKET OUTLOOKSBINSTOCK OUTLOOK

SBI Outlook for the Week (October 16, 2023 – October 20, 2023)

SBI
SBI
SBI closed the previous week on a negative note losing 3.72%.

Technically, SBI share price will see immediate support at 568.30 and immediate resistance would be seen at 590.50.

If SBI share price closes below immediate support of 568.30, then sharp breakdown can be seen. SBI share price will see major support at 560.45 for the week.

On the positive side, immediate resistance will be seen at 590.50. Closing above 590.50, SBI share price will see a sharp breakout. Major resistance for SBI share price will be seen at 604.85 for the week.

Trading range for SBI share price for this week should be between 546.10 on down side and 612.70 on up side.

SBI Previous Week High: 597

SBI Previous Week Low: 574.8

SBI Previous Week Range: 22.2 Points

SBI share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 612.70
Resistance 2 604.85
Resistance 1 590.50
Support 1 568.30
Support 2 560.45
Support 3 546.10
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{"buy_point":[{"en_ltd":"2023-10-03","en_sup_p_91":"600.97","en_sup_t_91":"587.18","prev_close":"598.55","en_close":"602.95","new_date":"Oct 3","prev_close_no":598},{"en_ltd":"2023-09-04","en_sup_p_91":"574.00","en_sup_t_91":"563.32","prev_close":"569.55","en_close":"575.55","new_date":"Sep 4","prev_close_no":569}],"sell_point":[{"en_ltd":"2023-10-04","en_sup_p_91":"587.18","en_sup_t_91":"603.46","prev_close":"602.95","en_close":"586.25","new_date":"Oct 4","prev_close_no":602},{"en_ltd":"2023-09-21","en_sup_p_91":"593.94","en_sup_t_91":"606.21","prev_close":"601.10","en_close":"588.15","new_date":"Sep 21","prev_close_no":601}]}

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