SBIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | SBIN | Market Cap | 8,75,940 Cr. | Current Price | 949 ₹ | High / Low | 1,235 ₹ |
| Stock P/E | 11.4 | Book Value | 590 ₹ | Dividend Yield | 1.83 % | ROCE | 6.02 % |
| ROE | 15.5 % | Face Value | 1.00 ₹ | DMA 50 | 1,038 ₹ | DMA 200 | 990 ₹ |
| Chg in FII Hold | 1.07 % | Chg in DII Hold | -0.93 % | PAT Qtr | 19,684 Cr. | PAT Prev Qtr | 21,028 Cr. |
| RSI | 31.9 | MACD | -34.9 | Volume | 84,39,543 | Avg Vol 1Wk | 1,40,41,368 |
| Low price | 782 ₹ | High price | 1,235 ₹ | PEG Ratio | 0.76 | Debt to equity | 12.3 |
| 52w Index | 37.0 % | Qtr Profit Var | 5.58 % | EPS | 86.7 ₹ | Industry PE | 7.84 |
📊 Chart Analysis: SBIN is trading at ₹949, below both its 50 DMA (₹1,038) and 200 DMA (₹990), showing short-term weakness. RSI at 31.9 signals oversold conditions, while MACD at -34.9 confirms bearish momentum. Bollinger Bands indicate price near the lower band, suggesting downside exhaustion. Current volume (84.39L) is lower than the 1-week average (140.41L), reflecting weak participation.
📈 Momentum Signals: Short-term momentum remains negative, but oversold RSI hints at a possible rebound. MACD continues bearish, so caution is warranted.
💹 Support & Resistance: Key support lies near ₹782, while immediate resistance is at ₹990 (200 DMA). A breakout above ₹1,038 (50 DMA) could trigger bullish momentum. Optimal entry zone: ₹880–₹900. Exit zone: ₹1,030–₹1,050.
🔄 Trend Status: The stock is currently consolidating after a downtrend, with potential reversal signs if support holds.
Positive
- ✅ Strong ROE of 15.5% shows efficient capital use.
- ✅ P/E of 11.4 vs industry P/E of 7.84 indicates relative value.
- ✅ PEG ratio of 0.76 suggests undervaluation relative to growth.
- ✅ Dividend yield of 1.83% provides steady returns.
Limitation
- ⚠️ High debt-to-equity ratio of 12.3 raises leverage concerns.
- ⚠️ ROCE at 6.02% is weak compared to peers.
- ⚠️ PAT declined sequentially from ₹21,028 Cr. to ₹19,684 Cr.
Company Negative News
- 📉 Quarterly profit decline of 5.58% raises concerns.
- 📉 DII holdings fell by -0.93%, showing reduced domestic confidence.
Company Positive News
- 📈 FII holdings increased by 1.07%, reflecting foreign investor interest.
- 📈 EPS at ₹86.7 remains strong, supporting fundamentals.
Industry
- 🏦 Banking sector trading at lower industry P/E of 7.84, suggesting value opportunities.
- 🏦 Sector growth supported by rising credit demand and government infrastructure push.
Conclusion
📌 SBIN shows short-term weakness but is oversold, making it a candidate for rebound if support near ₹782 holds. Entry around ₹880–₹900 with exit near ₹1,030–₹1,050 offers favorable risk-reward. Fundamentals remain intact, though high leverage and weak ROCE are concerns. Overall, the stock is consolidating with potential reversal signals.
If you’d like, I can also prepare a trendline chart or a support_resistance map to visually highlight these zones.