EquityPandit’s Outlook for SBI for the week (Nov 11, 2019 – Nov 15, 2019):
STATE BANK OF INDIA:
BSE: 500112| NSE: SBIN| ISIN: INE062A01020| SECTOR: BANKS
Stock closed the week on positive note gaining 0.89%
Week High: 323.30
Week Low: 312.35
Week Range: 10.95
State Bank of India
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 314 levels, Minor resistance on the upside is capped around 319 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 @ 311 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 @ 323
Stock is trading below 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the week as 325 on upside and 300 on downside.
Weekly Pivot Levels For SBIN: