Stock of Interest

Posted On: September 1, 2023

Stock Report: SBIN(NSE) 31 Aug 2023

State Bank of India is a bank in India. The bank’s business segments include Treasury; Corporate/Wholesale Banking; Retail Banking and Other Banking businesses. The bank generates maximum revenue from the Retail Banking segment. The Retail Banking Segment comprises retail branches, which primarily include Personal Banking activities including lending activities to corporate customers having banking relations with these branches. This segment also includes the agency business and ATMs. Geographically, it derives most of its revenue from India. 

#xCalData predicts that # SBIN will continue its bearish phase over the next five days and trend within the range of 545 to 572. 

In comparison to the previous month, the price of the stock has experienced a decline of 3.59% indicating a bearish. 

The Stock has doubled once since 07 Sep 2015 and took an average of 5.9 years to double.

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 4 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely MFI indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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