-1.85% Move Highlights bearish Momentum in SBIN.NS Stock on Jan 13, 2025

Date: Jan 13, 2025 (Monday) open : ₹741.50 close : ₹729.50 low : ₹722.50 high : ₹743.95 previous close: ₹743.25
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On Jan 13, 2025 (Monday), STATE BANK OF INDIA (SBIN.NS) in the Financial Services sector showed bearish momentum of -1.85% relative to previous day's close. The stock belongs to the Banking industry within the Financial Services sector.
At the opening bell, the stock started with a minor gap down at ₹741.50, compared to the previous close of ₹743.25 (a minor gap down of -0.24%).
STATE BANK OF INDIA which is a Large-Cap stock hit a high of ₹743.95 and a low of ₹722.50, creating a trading range of ₹21.45. The price movement for the day was -1.62% lower than the opening price.
During the day's session, the STATE BANK OF INDIA traded 10,411,575 shares, showing a modest -16.06% change compared to the average of 12,404,071 shares. This indicates a fairly typical level of market activity, with no major deviations from average trading volume.
The stock showed moderate volatility (2.94%) with movement between ₹722.50 and ₹743.95.
If we look at the last 30 days daily chart, the stock has been in an uptrend, but today's close < open forms a bearish candle, going against the trend and hinting at selling pressure or potential weakness in the uptrend.
Disclaimer: This analysis is provided solely for educational purposes and does not include any recommendations. For any financial decisions, it’s advised to consult with your financial advisor.
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