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Technicals for State Bank of India
By MusingTheNews
2025-05-30 20:56
Overall Technical outlook
Price Summary
On 2025-05-30, State Bank of India's stock started at 798.0, soared to 814.5, dropped to 792.6, and finished the day 1.79% higher at 812.3, with a trading volume of 22030485 shares. For the 52-week period, the stock's highest price is 905.65, and the lowest price is 688.8. The future price of SBIN is anticipated to range from 700.0 to 1102.0, with an expected mean price of 925.2352, according to the recommendations of 44 analysts.
Technicals
Support and Resistance: With the current price at 812.3, support is found at 788.3 and resistance at 822.4. These levels indicate where buyers might step in at 788.3, while sellers could limit gains at 822.4, defining a trading boundary for State Bank of India. Support/Resistance for SBIN
Aroon: AROON is signaling a continued bullish trend, as the Aroon Up has increased and the Aroon Oscillator remains elevated. This combination suggests that the upward price trend is likely to persist. The high Aroon Oscillator level reinforces the expectation of ongoing bullish momentum, indicating that the market will likely maintain its upward trajectory. Aroon chart for State Bank of India
Bol. Bands: The current reading of the BOLL BANDS is neutral for SBIN, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Bolinger Bands chart for State Bank of India
Parabolic SAR: The PSAR for SBIN continues to signal a bullish outlook, establishing a crucial support level that may help sustain the current upward momentum. This level of support suggests that the market is likely to continue trending higher, providing a foundation for ongoing bullish movement. Parabolic Stop and Reverse chart for State Bank of India
Stochastic: The STOCHASTIC is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for SBIN, with no strong trend emerging. Stochastic chart for State Bank of India
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Tripple SMA chart for State Bank of India
Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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