₹930–₹935 can be treated as an important support zone

SBI — Technical View The blue trendline connects multiple previous swing lows, and the ₹930–₹935 area sits near this rising support structure. Price has previously found buying interest around this zone, making it a meaningful trendline/swing-low support area. Currently, SBI is around ₹982, so it is still above the proposed support zone. Recent technical data also shows the stock in a short-term weak phase, with RSI around 39 and multiple moving averages indicating selling pressure. Key levels: 🟢 ₹930–₹935: Major trendline support 🟡 ₹970–₹980: Near-term support area 🔴 ₹1,010–₹1,015: Immediate resistance 🔴 ₹1,030–₹1,045: Stronger resistance zone What to watch If SBI gradually declines toward ₹930–₹935 and forms a bullish candlestick pattern such as a Hammer or Bullish Engulfing, preferably with increased volume, it would indicate that buyers are defending the trendline. ₹930–₹935 + bullish candlestick + volume = stronger reversal setup. However, a decisive daily close below ₹930–₹935 with strong volume would weaken the rising-support structure and could lead to a deeper correction. In one line: SBI is currently correcting toward a broader trendline support zone, and ₹930–₹935 could become an important demand area where buyers may attempt to defend the uptrend.