SBIN

Fibonacci Analysis

is witnessing repeated rejection near the 50%–61.8% Fibonacci retracement zone, indicating sellers are defending every pullback. Price has once again slipped below the 50% retracement (₹1,026), keeping the short-term structure under pressure. Unless the stock reclaims the 61.8% retracement (₹1,048), the bias remains tilted toward further downside.