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Technicals for State Bank of India
By MusingTheNews
2025-06-13 20:55
Overall Technical outlook
Price Summary
On 2025-06-13, State Bank of India's stock began at 786.25, climbed to 796.3, dropped to 786.25, and had 0.78% to end at 792.35, with a volume of 11375773 shares. In the past year, the highest stock price was 893.55, and the lowest was 688.8. Based on recommendations from 44 analysts, the future price of SBIN is expected to range from 700.0 to 1102.0, with an average price expectation around 925.2352.
Technicals
Support and Resistance: At 792.35, the price is supported by 788.3 and resisted by 822.4. This indicates that the price for State Bank of India might fluctuate between these levels, with 788.3 acting as a support and 822.4 limiting further upward movement. Support/Resistance for SBIN
Aroon: AROON is showing a strong bearish trend for State Bank of India, with Aroon Down rising and the Aroon Oscillator staying low. This combination suggests that the downward trend is likely to continue, signaling ongoing bearish momentum. The steady low level of the Aroon Oscillator indicates further weakness in the market. Aroon chart for State Bank of India
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for State Bank of India
Parabolic SAR: The PSAR has just moved from a bullish to a bearish stance, indicating a possible market downturn. If this shift is corroborated by other trends, it could be a very bearish signal. Investors should be cautious and look for additional confirmation before acting. Parabolic Stop and Reverse chart for State Bank of India
Stochastic: The STOCHASTIC is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. 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 for SBIN is losing steam, possibly leading to a bullish reversal in the near future. Investors should watch for signs of a market turnaround as the current downtrend shows signs of faltering. Tripple SMA chart for State Bank of India
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
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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