Agarwal told CNBC-TV18, "If one sees the banking sector has been one of the sectors, which has fallen the most in earlier onslaught of the bears. For the last two months, it has been in a sideways kind of territory in a State Bank of India's chart mostly the biggest resistance we see is in a Rs 1,480 levels, which is a very strong resistance and after a strong resistance some around Rs 1,600. So Rs 1,480 remains a very crucial level for the State Bank of India to cross, but looking at the market structure, what I seriously doubt is that Rs 1,480 may be taken out."
Share Price Movement During The Last 12 Months
Period
Price
Latest Price
Gain/Loss (Rs.)
% Gain/Loss
3-Days
1371.45
1403.60
32.15
2.34
5-Days
1346.25
1403.60
57.35
4.26
7-Days
1342.25
1403.60
61.35
4.57
15-Days
1555.25
1403.60
-151.65
-9.75
1-Month
1418.05
1403.60
-14.45
-1.02
3-Month
1519.30
1403.60
-115.70
-7.62
6-Month
2038.70
1403.60
-635.10
-31.15
9-Month
2124.81
1403.60
-721.21
-33.94
1-Year
1461.29
1403.60
-57.69
-3.95
Currently -41.43% below the 52-week high of 2,396.49
Currently 34.75% above the 52-week low of 1,041.60
