Check State Bank OF India Full Analysis at Unicorn Signals

State Bank of India Weekly Outlook and Analysis:

For the Week: (05-JUN-2023 to 09-JUN-2023)

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

State Bank Of India Share Price : 587.20 (NSE)

SBI closed the Weekly on Positive Note Gaining 0.20%

Weekly High: 596.40
Weekly Low: 577.50
Weekly Range: 18.90 points

Weekly Support & Resistance For SBIN:

RESISTANCE 2	606
RESISTANCE 1	597
SUPPORT 1	578
SUPPORT 2	568

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 578 levels, Minor resistance on the upside is capped around 597 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 @ 568 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 @ 606

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 606 on upside and 568 on downside.