SBIN (State Bank of India) is currently facing a bearish technical phase with the stock trading near 975, below its 50-day (919) and 200-day (823) moving averages. RSI around 24 indicates an oversold condition, while MACD and other momentum indicators suggest selling pressure. Key support is near 965, and resistance around 995. Traders should watch these levels for potential reversal or further decline signals in the short term.
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