The stock is trading above most of the short- and long-term moving averages of 5,10,30,50,100 and 200-DMA which is a positive sign for the bulls. The Relative Strength Index (RSI) is at 66.6. The relative strength chart of SBIN against the Nifty PSU Bank index is showing a reversal pattern near a strong support area implying the stock is all set to witness strong outperformance in the coming weeks.
