SBI | TECHNO-FUNDA ANALYSIS

State Bank of India (SBIN) – 1D

Trend: SBIN has given a fresh All-Time High (ATH) breakout above ₹911.8 with strong bullish candles and rising volume. The structure clearly shows higher highs and higher lows, confirming strong momentum continuation. Key Levels - ATH Breakout Level: ₹911.80 Immediate Support: ₹896.80 Major Support: ₹851.75 Next Resistance Zone: ₹930–₹950 (potential upside zone) Fundamentals (Key Points): 🏦 India’s largest PSU bank with strong earnings visibility and stable asset quality. 📈 Consistent improvement in ROA and NIM supported by retail and corporate growth. 💰 Healthy balance sheet with solid deposit growth and low slippages. 📊 Government reforms and sector tailwinds further support valuation expansion. ⚠️ Minor retest toward ₹895 possible before continuation move. Final Verdict: Bullish — Strong momentum breakout above ATH; sustaining above ₹900 keeps trend intact with targets around ₹930–₹950.