IDBI Bank has formed a long-term Cup & Handle pattern since 2024 and has now confirmed a breakout with strong volume, indicating renewed bullish momentum.
Pattern: Cup & Handle (Long-term)
Breakout: Confirmed with heavy volume
Trend: Bullish structure intact
Key Support Zones:
Primary structure support near 90
Secondary support / breakout zone near 100
The breakout level may see a healthy retest if price shows short-term pullback.
Upside potential as per chart structure:
130
140–145 range
170 (extended target)
Weekly RSI has also given a breakout.
RSI is currently around 68, reflecting strong bullish strength and trend confirmation.
Pattern: Cup & Handle (Long-term)
Breakout: Confirmed with heavy volume
Trend: Bullish structure intact
Key Support Zones:
Primary structure support near 90
Secondary support / breakout zone near 100
The breakout level may see a healthy retest if price shows short-term pullback.
Upside potential as per chart structure:
130
140–145 range
170 (extended target)
Weekly RSI has also given a breakout.
RSI is currently around 68, reflecting strong bullish strength and trend confirmation.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.