EquityPandits Outlook for SBI for the week (June 29, 2020– July 03, 2020):.
Week Low: 180.40.
Stock closed the week on favorable note getting 0.1%.
Week High: 194.90.
Week Range: 14.50 Points.
State Bank of India
WEEKLY PIVOT LEVELS:.
Technically on the daily charts EquityPandits Analyst see: Minor support on the drawback lies at 176 levels, Minor resistance on the benefit is topped around at 194 levels.
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If stock breaches small support on the drawback and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 166.40 and If stock breaches minor resistance on the benefit and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 200.
Stock is trading below 200 days rapid moving average, suggests long term trend is bearish. EquityPandits Predicts Range for the week as 200 on upside and 166.40 on disadvantage