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Technicals for State Bank of India
By MusingTheNews
2025-08-15 20:54
Overall Technical outlook
Price Summary
On 2025-08-14, State Bank of India's stock opened at 822.0, spiked to 828.0, declined to 819.1, and closed 0.55% higher at 826.55, with 7085529 shares traded. The highest price the stock achieved in the past 52 weeks is 867.5, while the lowest price it saw is 688.8. According to 41 analysts, the price of SBIN in the future is projected to be between 720.0 and 1102.0, with an average expected price of 929.9598.
Technicals
Support and Resistance: The current price is 826.55, with support at 822.4 and resistance at 822.4. This range suggests that the price might move between these levels, with 822.4 offering support and 822.4 capping further gains for State Bank of India. Support/Resistance for SBIN
Aroon: The bullish trend in Aroon remains, with Aroon Up consistently at the 100 level. This points to sustained upward momentum, but the trend should be explored further alongside other indicators to better understand its implications. Aroon chart for State Bank of India
Bol. Bands: The BOLL BANDS 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. Bolinger Bands chart for State Bank of India
Parabolic SAR: The PSAR remains bullish, reinforcing a significant support level. This steady support suggests that the market's upward trend may continue, providing a solid foundation for potential gains for SBIN. Investors might see this as an opportunity to capitalize on the ongoing bullish sentiment. Parabolic Stop and Reverse chart for State Bank of India
Stochastic: The stochastic indicator shows a bullish trend for SBIN, with the K-line positioned above the D-line and surpassing the 80 level. This setup indicates strong upward momentum, suggesting that the market may continue its positive trajectory. Traders might view this as a sign of ongoing strength in the market. Stochastic chart for State Bank of India
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Tripple SMA chart for State Bank of India
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
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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