IDBI Bank shows a beautiful Cup Pattern breakout
IDBI
☕ Pattern: Cup Breakout
The stock formed a rounding base (cup) from July to October 2025.
The breakout neckline is around ₹102.5, which is being decisively crossed today.
The volume spike is massive — nearly 5x average volume, confirming strong institutional participation.
The 200 DMA (₹73.50) is well below, showing a strong medium-term uptrend foundation.
🎯 Target Projection (Measured Move)
Cup depth ≈ ₹102.5 – ₹82 = ₹20.5
Add that to neckline:
₹102.5 + ₹20.5 = ₹123
✅ Primary Target: ₹120–₹123
✅ Extended Target (Momentum phase): ₹130–₹135
✅ Medium-Term Positional Target: ₹145+
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