Cup And Handle Formation In IDBI Could Trigger Momentum

This is the daily timeframe chart of IDBI Bank.

The stock is forming a Cup and Handle pattern on the daily timeframe, with a strong support zone near the 90–95 range. If the current rally continues and the stock breaks out of this pattern, it may move toward the 130 level, followed by 165.

If the support zone holds, IDBI Bank could witness higher prices in the coming sessions.

Thank you.