IDBI Bank (Weekly)

Technical Analysis Trend: Medium-term uptrend after long base formation. Structure: Stock has broken above the ₹103–105 multi-month resistance zone. Price Action: Strong bullish weekly candle with expansion — indicates fresh demand. Retest Behaviour: Previous demand zone around ₹85–88 held well before breakout. Momentum: Breakout came with wide range and strong participation. Key Levels: Support: ₹103 → ₹98 → ₹88 Resistance / Supply: ₹118 → ₹125 zone Fundamental Analysis Business: PSU bank with improving asset quality and ongoing strategic transformation. Earnings: Profitability has turned stable after years of stress. Asset Quality: NPAs reduced significantly, balance sheet quality improving. Optionality: Strategic stake sale / restructuring acts as valuation trigger. Summary View Turnaround + breakout combination → structurally positive.