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MARKET OUTLOOKSBINSTOCK OUTLOOK

SBI Outlook for the Week (August 21, 2023 – August 25, 2023)

SBI
SBI
SBI closed the previous week on a negative note losing 3.69%.

Technically, SBI share price will see immediate support at 559.55 and immediate resistance would be seen at 580.80.

If SBI share price closes below immediate support of 559.55, then sharp breakdown can be seen. SBI share price will see major support at 546.15 for the week.

On the positive side, immediate resistance will be seen at 580.80. Closing above 580.80, SBI share price will see a sharp breakout. Major resistance for SBI share price will be seen at 588.65 for the week.

Trading range for SBI share price for this week should be between 538.30 on down side and 602.05 on up side.

SBI Previous Week High: 575.25

SBI Previous Week Low: 554

SBI Previous Week Range: 21.25 Points

SBI share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 602.05
Resistance 2 588.65
Resistance 1 580.80
Support 1 559.55
Support 2 546.15
Support 3 538.30

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