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Technicals for State Bank of India
By MusingTheNews
2025-09-02 20:41
Overall Technical outlook
Price Summary
On 2025-09-02, State Bank of India's stock began at 806.3, climbed to 810.5, dropped to 802.65, and had -0.3% to end at 803.9, with a volume of 5074937 shares. In the last 52 weeks, the stock's top price was 867.5 and the bottom price was 688.8. 41 analysts suggest that SBIN's future price will lie between 720.0 and 1102.0, with an average expected price of roughly 929.9598.
Technicals
Support and Resistance: The price currently sits at 803.9, finding support at 787.1 and resistance at 808.65. These levels define a range for State Bank of India where the price may move, with 787.1 offering a base and 808.65 limiting upward momentum. Support/Resistance for SBIN
Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Aroon chart for State Bank of India
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Bolinger Bands chart for State Bank of India
Parabolic SAR: The PSAR maintains a bearish outlook for SBIN, establishing a key resistance level that could limit further gains. This ongoing bearish trend suggests that the market may struggle to overcome this resistance, keeping upward movement subdued. Parabolic Stop and Reverse chart for State Bank of India
Stochastic: The Stochastic K-line's position below the D-line and under 20 points to a mildly bearish market outlook for SBIN. This setup suggests some bearish sentiment, but it is not overly pronounced. Traders should remain cautious and observe the market for further confirmation. Stochastic chart for State Bank of India
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend begins to falter. Tripple SMA chart for State Bank of India
A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.
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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