SBIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.6

Here’s a detailed technical analysis of State Bank of India (SBIN)

📊 Trend Analysis

Current Trend: SBIN is in a strong uptrend, trading near its 52-week high of ₹876. Price is well above both 50 DMA and 200 DMA, confirming bullish momentum.

Momentum: Very strong. RSI at 74.2 is in overbought territory, and MACD at 7.95 is positive — indicating continued strength but also caution for short-term pullbacks.

📈 Moving Averages

50 DMA: ₹815

200 DMA: ₹796

Current Price: ₹854

Interpretation: Price is significantly above both averages, confirming a bullish breakout. The rising slope of both DMAs supports trend continuation.

📉 MACD & RSI

MACD: Strongly positive, signaling bullish momentum.

RSI: At 74.2, overbought — potential for short-term consolidation or minor correction.

Conclusion: Momentum indicators suggest strength, but traders should watch for cooling signals.

📊 Volume Trends

Current Volume: 1.11 crore

1-Week Avg Volume: 98.7 lakh

Interpretation: Volume is above average, confirming strong participation and institutional interest.

📉 Bollinger Bands

Price is likely near the upper band, indicating strength but also short-term resistance. A breakout above ₹860–₹870 with volume would confirm continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 815 50 DMA, short-term support

Support 2 796 200 DMA, strong base

Resistance 1 876 52-week high, key ceiling

Resistance 2 900–920 Psychological resistance zone

🎯 Entry & Exit Zones

Optimal Entry: ₹825–₹840 (on pullback with volume support)

Exit Zone: ₹875–₹900 (partial profit booking), ₹920+ (final target if breakout sustains)

🔍 Summary

Trend: Strong uptrend

Momentum: Bullish but overbought

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹825–₹840 with breakout confirmation above ₹876. Target ₹900–₹920 over the next few weeks.

Let me know if you’d like a visual chart setup or swing trade plan based on this!

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