SBIN Weekly Outlook and Analysis:

For the Week: (Oct 25,2021 – Oct 29,2021)

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

State Bank Of India Share Price : 502.95 (NSE)

SBI closed the Weekly on Positive Note Gaining  2.52%

Weekly High: 508.70

Weekly Low:  483.10

Weekly Range: 25.60 points

Weekly Support & Resistance For SBIN:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 488 levels, Minor resistance on the upside is capped around 513 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 @  473 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 @ 523

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 523 on upside and 473 on downside.