SBIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | SBIN | Market Cap | 9,39,513 Cr. | Current Price | 1,018 ₹ | High / Low | 1,084 ₹ |
| Stock P/E | 13.2 | Book Value | 561 ₹ | Dividend Yield | 1.56 % | ROCE | 6.37 % |
| ROE | 17.3 % | Face Value | 1.00 ₹ | DMA 50 | 997 ₹ | DMA 200 | 900 ₹ |
| Chg in FII Hold | 0.77 % | Chg in DII Hold | -0.61 % | PAT Qtr | 16,666 Cr. | PAT Prev Qtr | 19,160 Cr. |
| RSI | 49.0 | MACD | 18.6 | Volume | 1,30,18,232 | Avg Vol 1Wk | 1,34,32,682 |
| Low price | 680 ₹ | High price | 1,084 ₹ | PEG Ratio | 0.43 | Debt to equity | 12.0 |
| 52w Index | 83.7 % | Qtr Profit Var | -9.09 % | EPS | 83.1 ₹ | Industry PE | 7.64 |
📈 Chart Patterns & Trend: SBIN is trading near its recent highs (1,018 ₹ vs 1,084 ₹ peak). The price is above both the 50 DMA (997 ₹) and 200 DMA (900 ₹), indicating a medium-term uptrend. However, RSI at 49 suggests neutral momentum, neither overbought nor oversold. MACD at 18.6 shows mild bullish crossover, but momentum is not very strong. Bollinger Bands suggest price is near the upper band, hinting at possible consolidation.
📊 Volume Trends: Current volume (1.30 Cr) is slightly below the 1-week average (1.34 Cr), showing reduced participation. This indicates cautious sentiment among traders.
🎯 Momentum Signals:
- Short-term bullish bias as price sustains above 50 DMA.
- RSI neutral, suggesting sideways consolidation.
- MACD positive but flattening, signaling weakening momentum.
💡 Entry Zone: 980–995 ₹ (near 50 DMA support).
🚪 Exit Zone: 1,070–1,085 ₹ (near resistance and 52-week high).
🔎 Overall Trend: Consolidating near highs with mild bullish undertone. Break above 1,085 ₹ may trigger fresh rally; failure to hold 995 ₹ could lead to correction toward 950 ₹.
Positive
- Strong ROE of 17.3% and EPS of 83.1 ₹.
- Trading above both 50 DMA and 200 DMA, confirming medium-term strength.
- FII holdings increased by 0.77%, showing foreign investor confidence.
- PEG ratio of 0.43 indicates undervaluation relative to growth.
Limitation
- Quarterly profit declined by -9.09% (PAT down from 19,160 Cr. to 16,666 Cr.).
- High debt-to-equity ratio of 12.0, raising leverage concerns.
- DII holdings decreased (-0.61%), showing reduced domestic institutional support.
Company Negative News
- Recent quarterly earnings showed profit contraction.
- High leverage continues to be a structural risk.
Company Positive News
- Stable dividend yield of 1.56% supports long-term investors.
- Strong market cap (9.39 lakh Cr.) and leadership in banking sector.
- Improved FII participation signals global confidence.
Industry
- Industry PE at 7.64 vs SBIN’s PE of 13.2 indicates premium valuation.
- Banking sector remains resilient with credit growth and government support.
- Sector consolidation favors large-cap leaders like SBIN.
Conclusion
SBIN is consolidating near its highs with neutral RSI and positive MACD. Entry near 980–995 ₹ offers favorable risk-reward, while resistance lies at 1,070–1,085 ₹. The stock remains structurally strong but faces short-term profit pressure. Long-term investors may hold, while traders should watch for breakout above 1,085 ₹ or breakdown below 995 ₹.
Would you like me to also prepare a visual chart overlay (support/resistance + moving averages) so you can quickly see the technical zones?