SBI Share Price: Want to make money from State Bank of India shares? Stock market experts reveal strategy

SBI Share Price: The State Bank of India (SBI) share price history of the last one month suggests that the banking stock has been on the downside after making its monthly peak of Rs 224.85 on 28th August 2020. Stock Market experts are of the opinion that currently SBI shares have strong support at Rs 190-195 levels and investors can buy SBI stock at current Rs 197 levels for the immediate target of Rs 225.

Speaking on the SBI share price target in next one quarter, Sumeet Bagadia, Executive Director at Choice Broking said, "SBI share price is range bound and has strong support at Rs 190-195 levels. So, the current SBI share price of Rs 197 is a good opportunity for the positional investors to buy, maintaining the stop loss below Rs 190 per stock levels. The SBI stocks have a strong hurdle at Rs 205 per stock mark but once it breaks this level, then we can expect it to further appreciate up to Rs 215 to Rs 220 per stock levels.

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Giving technical view on the SBI shares, Rohit Singre, Senior Technical Research Analyst at LKP Securities said, "SBI share price is range-bound and its current range is Rs 190 to Rs 225. As per the charts available for the SBI shares, it unlikely for SBI stock to break below Rs 190 and hence one can buy SBI shares at current levels for the target of Rs 225 in one quarter maintaining the stop loss at Rs 185 per share levels." he strictly advised stock market investors to maintain the stop loss and book profit once the SBI share price target is achieved.