“Anshul Jain of Lakshmishree views SBI shares as technically weak in the near term, citing fading upward momentum, the formation of a lower high on weekly charts, and the stock sustaining below key daily moving averages following a negative post-results reaction. He notes key support around the 50-week EMA near ₹972, with a breakdown below this level potentially accelerating the downside. A sustained close above recent swing highs would be required to negate this bearish setup.”
Anshul Jain’s track record: 3 graded calls · 95% CI 6–79%
State Bank of IndiaBearishCalled 08 May 2026Graded 27 Jun 2026
State Bank of India shares decreased from ₹973.60 to ₹954.10 (-2.00% in 21d), consistent with the bearish call and breaking below the mentioned support level of ₹972.
Pre-fills a same-day INTRADAY short — delivery short-selling isn't allowed, so this is the only way to paper-trade a bearish call.