SBIN - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.1

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

📊 Trend Overview

Current Trend: Consolidating with mild bearish bias

Price is below 50-DMA (₹805) but above 200-DMA (₹788) — suggests indecision.

RSI (42.5) — in bearish territory, indicating weak momentum.

MACD (0.54) — slightly positive, but not strong enough to confirm bullish reversal.

Volume: Below 1-week average — signals reduced participation and waning interest.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50-DMA → short-term weakness.

Price > 200-DMA → long-term support still intact.

Bollinger Bands

Price hovering near mid-band — no breakout or squeeze pattern.

Support Levels

₹788 – ₹799 (200-DMA and current price zone)

₹765 – ₹775 (trendline support)

₹680 (52-week low)

Resistance Levels

₹805 (50-DMA)

₹820 – ₹835 (recent swing highs)

₹882 (52-week high)

🔍 Momentum Signals

Short-Term Bias: Neutral to Bearish

RSI < 50 and MACD mildly positive — mixed signals.

No strong bullish divergence or reversal pattern.

Volume Trend: Weak — suggests lack of conviction from buyers.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹788 – ₹799 Near 200-DMA, potential support zone

Exit Target ₹820 – ₹835 Resistance at swing highs

Stop Loss ₹775 Below trendline and support zone

🧠 Summary

SBIN is currently consolidating between key moving averages. While long-term support remains intact, short-term indicators reflect weak momentum. A tactical entry near ₹788–₹799 could be considered for a swing trade, but upside is capped unless price breaks above ₹835 with volume confirmation.

Want to explore how SBIN compares with other PSU banks or dive into sector rotation strategies? I’ve got plenty of insights to help you sharpen your edge.

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