NSE, FUTURE, OPTIONS, BSE, MCX, CURRENCY

Back

STATE BANK OF INDIA (SBI)

Latest View on State Bank of India (SBI)

27 July 2021: SBI closed at 429.95 (27 July 2021, NSE closing price). As per its technical chart, 425 next support and below that 418 strong support. Stock in buy zone, small resistance at 433-434 area. Once stock will sustain above 434, we can see good movement in this stock upto level of 448-454. Above view only for educational purpose.

06 June 2021: SBI closed at 433.60 (04 June 2021, NSE closing price). As per its technical chart, 430 is support for tomorrow, below this level, if it sustain 15-20 minutes then we can see downside target up to 424 / 419, so one can make short position with stop loss of 436. Above 438 level, we can see again some bounce in this stock for target 442 / 446 level, so one can buy this stock with stop loss of 430. Above view only for educational purpose.

23 May 2021: SBI closed at 401.20 (21 May, NSE closing price) after announcing quarterly result. We have seen some volatiltiy in this stock after result, and it made low 378 then jumped to day high 404.40. For tomorrow, 24 May 2021, support level for sbi are 393 and then next support at 388. On the upper side 410 and then 417 resistance level. We will see some volatiltiy again in this stock tomorrow. So before making any trade, check market trend and control on your trading quantity. Above view only for educational purpose.

09 May 2021: SBI closed at 358.25 (07 May, NSE closing price). For tomorrow, 10 May 2021, first support level for sbi at 356. Below 356 we can see level of 353 / 350 in this stock. If SBI cross level of 361.50 tomorrow, then one can buy with stop loss 357 for target 365 / 369. Above view only for educational purpose.

02 May 2021:SBI closed at 353.50 (30 April , NSE closing price). For tomorrow, 2 May 2021, first support level for sbi at 349. Below 349 we can see some more selling pressure in this stock, till no buy confirmation in hourly chart. If SBI cross 358.50 tomorrow, then one can buy with stop loss 352 for target 365 / 369. Above view only for educational purpose.

25 April 2021: SBI settled at 336.45 (23 April, NSE closing price). For tomorrow, 26 April 2021, first resistance level for sbi at 340.60. As per daily chart 342 is next resistance. Chart completely weak and below 320, we can see off upto 305-292 level. So as soon as it close above 348-350 level, good for bulls. Above view only for educational purpose.

20 Aug 2020: SBI closed today at 194.75 (20 Aug NSE closing price). If we check SBI Daily chart then there is not any clear indiation. If we check its hourly chart then we can see resistance around 196.20 level and 192 support level for this stock. Above or below these level we can see 2-3% further move. Above view only for educational purpose.

05 May 2020: SBI closed today at 170.40 after making low 168.80. SBI made today new 52 week low. Heavy selling we have seen in this stock today. Total volume was more than 9 crore. 179-180 was very strong support for this stock, as it broken this level, we have seen such sell off in this strong fundamental stock. For tomorrow, 175-176 will act as resistance for SBI, only above 176 if sustain then we can see again 178 to 180 level. If market turns negative then further sell off up to 164-165 level we can see tomorrow. So if market seems weak then be ready for more downside in this stock. Next important level which you watch is 162. Below 162 if this stock sustain then 153-154 level will also come. Above view only for education purpose.

15 April 2020: SBI closed today at 182.35 after making low 180.15. In morning move, it made high 191.95, but could not sustain for a long time and we have seen profit booking. For tomorrow 15 April 2020. resistance for SBI at 188 and support 180. One can short at opening around 182-183 if market open negative. Stop loss for sell 188 and keep target at 178.

11 April 2020 SBI 189-190 hurdle , 182-183 support. Seems next week it will be available below 180.

11 May 2019:SBI announced its quarterly reult on Friday and after that stock closed at 308.05 approx 3% up. Technically, SBI given closing above its one important resistance level of 306 and volume also there. If next week on Monday, market opens in positive note then one can buy this stock for next target 312-313. 318 is strong resistance for this stock. Above that one to two days closing will take this stock to 335 level. Stock strong support at 287-288 level, if sustain below these level then we can see some selling pressure in this stock.