SBI stock is expected to see further near-term weakness, potentially finding support around the ₹970-990 zone, as technical indicators point to more downside after the sharp fall. Mishra advises waiting for signs of stability before fresh entry and suggests maintaining a stop-loss at ₹970 for existing positions, noting that ₹1,050-1,075 will act as an immediate hurdle on any rebound.

Ajit Mishra’s track record: 7 graded calls · 95% CI 8–64%

State Bank of IndiaBearishCalled 09 May 2026Graded 19 Jul 2026
Verdict:HIT

State Bank of India price decreased from ₹973.60 to ₹954.10, showing a 2.00% decline, consistent with the bearish call and finding support within the ₹970-990 zone.

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