Check State Bank Of India Full Analysis At Unicorn Signals

State Bank Of India Weekly Outlook and Analysis:

For the Week: (July 17, 2023 – July 21, 2023)

State Bank of India Outlook for the Week (July 17, 2023 – July 21, 2023)

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

State Bank Of India Share Price : 584.40 (NSE)

SBI closed the Weekly on Negative Note losing  1.55%

Weekly High: 599.80

Weekly Low: 580.70

Weekly Range: 19.10 points

Weekly Support & Resistance For SBIN:

RESISTANCE 2	607
RESISTANCE 1	596
SUPPORT 1	577
SUPPORT 2	569

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 577 levels, Minor resistance on the upside is capped around 596 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 @ 569 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 @ 607

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 607 on upside and 569 on downside.