SBIN Pullback Alert: Is State Bank Ready for a Massive Move?

State Bank of India (SBIN) is trading at 1,054.5, attempting a strong bounce after pulling back to its multi-month rising trendline support on the 1-hour chart. Key Levels to Watch Immediate Resistance: 1,075 – 1,080 Major Target / Supply: 1,120 Trendline Support: 1,035 – 1,045 Invalidation: Below 1,010 Trade Plan Support Bounce (Active Play): Buy near 1,045 – 1,050 off the rising trendline. Target: 1,075 – 1,080 | Stop-Loss: Below 1,035 Breakout & Retest: If price breaks above 1,080, enter long on the pullback/retest of 1,075 – 1,080. Target: 1,120 | Stop-Loss: Below 1,060 Breakdown Risk: A close below 1,035 triggers a short toward 1,010 on a failed relief bounce.