SBIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.5

Technical Analysis Report for State Bank of India (SBIN)

• Trend Status: Trending upward with strong momentum
• Moving Averages: Price well above 50 DMA (₹870) and 200 DMA (₹820) — strong bullish alignment
• RSI: 74.9 — overbought zone, signals strong momentum but caution for short-term pullback
• MACD: Positive at 22.1 — bullish crossover, confirms upward momentum
• Bollinger Bands: Price near upper band — breakout continuation possible
• Volume: Slightly below weekly average — momentum slowing, watch for confirmation

Entry & Exit Zones

• Support Levels: ₹870 (DMA 50), ₹820 (DMA 200), ₹780 (trendline)
• Resistance Levels: ₹947 (recent high), ₹960 (projected breakout zone)
• Optimal Entry: ₹880–₹900 (on pullback or consolidation)
• Optimal Exit: ₹945–₹960 (near resistance zone)

Positive

• MACD and RSI confirm strong bullish momentum
• Price action above key moving averages — trend strength intact
• EPS of ₹81.8 — robust earnings base
• DII holding increased by 2.11% — strong domestic institutional support

Limitation

• RSI above 70 — overbought, risk of short-term correction
• Volume slightly below average — momentum may be fading
• Debt-to-equity ratio of 12.8 — high leverage typical of banking sector

Company Negative News

• ROCE at 6.37% — modest operational efficiency

Company Positive News

• Quarterly PAT improved from ₹18,643 Cr. to ₹19,160 Cr. — consistent earnings growth
• FII holding increased by 0.24% — foreign investor confidence

Industry

• Banking sector — cyclical with strong macro tailwinds and credit growth
• Industry P/E of 7.98 — SBIN trades at a premium (P/E of 11.8)

Conclusion

State Bank of India is currently trending upward with strong technical indicators and institutional support. While RSI suggests caution due to overbought conditions, the bullish MACD and price action above key moving averages support further upside. Traders may consider entries near ₹880 with exits around ₹960, monitoring volume and RSI cooling for sustained momentum.