State Bank of India

SBIN

— Breakout Backed by Strong Fundamentals

has broken out of a year-long descending triangle at ₹835 on the weekly chart, backed by: ✅ MACD bullish crossover and rising momentum ✅ RSI above 60, indicating fresh buying strength ✅ 50WMA support, trend intact Price Outlook: 🎯 Near-term: ₹880 – ₹900 🏁 Medium-term: ₹950 – ₹1,000+ 🛑 Key Support: ₹810 – ₹820 Fundamental Update: SBI plans to raise ₹45,000 Cr in FY26 — ₹25K Cr QIP at ₹811.05 and ₹20K Cr via bonds — boosting capital adequacy by ~60 bps. This strengthens lending capacity (12–13% growth target) and balance sheet resilience. Positive institutional interest in QIP suggests market confidence despite short-term dilution risks. Analyst’s Take: With strong technicals and capital planning, SBI presents a structural bullish opportunity. Dips around ₹820–₹830 could offer favorable entries for medium-term investors targeting ₹950–₹1,000. Disclaimer : This is a market view, not investment advice.