In this article, we will look at the State Bank of India (SBI), one of India’s leading banks with a 23% asset market share and a 25% total loan and deposit market share.
We will attempt to predict potential SBI share prices in the coming years using technical analysis, quarterly and annual reports, and determine whether investing in the bank’s shares is a worthwhile decision.
SBI is a multinational Indian bank and financial services company headquartered in Maharashtra, India, with a network of branches in India and around the world providing a variety of services, including NRI-specific products. Across India, the bank has 16 regional hubs and 57 zonal offices.
Technical Analysis of SBI Shares
We will use various methods to analyse the historical performance of the State Bank of India stock price and provide a technical analysis for the coming years. According to the chart, there was a failed and fake breakout with low volume in September 2010. A high-volume breakout, known as a Bullish Breakout, is expected in February 2021. Following this, SBI’s stock price is on the rise, and its long-term trend is positive.
SBI Share Price Prediction
In this section, we will use tools such as Fibonacci Retracement, support, and resistance to forecast potential targets for the State Bank of India’s stock price in the coming years.
SBI Share Price Prediction for 2022
We predict that the first possible target for State Bank of India in 2022 will be around Rs.516 and the second possible target will be around Rs.600, as indicated by the technical analysis chart.
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SBI Share Price Prediction for 2024
The first possible share price target for 2024 is around Rs.663, but as with all stocks, there will be a downtrend before showing positive movement and going uptrend the following year. Because of the company’s growing customer base, we predict that the second possible target will be around Rs.744.
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Share Price of SBI Bank in 2024
We anticipate that the company’s first share price target for 2024 will be around Rs.830, and that after reaching its high, there will be a downtrend before showing positive movement the following year and going uptrend. We expect the second possible target to be around Rs.889.
Share Price of SBI Bank in 2025
We forecast that the State Bank of India’s shares will easily surpass two possible targets by 2025: around Rs.966 and around Rs.1056. As previously stated, the share price of the State Bank of India is expected to rise further in the coming years.
SBI Share Price in 2030
We can forecast that the first achievable target for 2030 will be around Rs.1933, and the second achievable target for the end of the decade will be around Rs.2539. According to the State Bank of India’s share price target predictions, SBI is expected to secure its leading position in the Indian market by the end of the decade and has the potential to become the world’s largest bank.
SBI Share Price Target for 2022, 2024, 2024 and 2025
| Year | Share Price |
|---|---|
| 2022 | Rs.516 – Rs.600 |
| 2024 | Rs.663 – Rs.744 |
| 2024 | Rs.830 – Rs.889 |
| 2025 | Rs.966 – Rs.1056 |
| 2030 | Rs.1933 – Rs.2539 |
Conclusion:
The State Bank of India has a strong financial position and a diverse range of banking services, making it an attractive investment.
We predict that the Bank’s share price will continue to rise in the coming years, with potential targets for 2022, 2024, 2024, 2025, and 2030 based on technical analysis and various forecasting tools.
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