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IDBI Bank and the Bullish Cup & Handle Pattern📈 Technical Analysis Spotlight: IDBI Bank and the Bullish Cup & Handle Pattern In the world of technical analysis, chart patterns often serve as powerful indicators of potential price movements. One such pattern, the Cup and Handle, has recently emerged on the daily chart of IDBI Bank Limited, offering traders and investors a compelling bullish setup. 🏦 Current Market Snapshot As of the latest data, IDBI Bank is trading at ₹100.42. This price action is notable not just for its level, but for the structure it has formed—a classic Cup and Handle pattern, which is widely regarded as a bullish continuation signal. ☕ Understanding the Cup and Handle Pattern The Cup and Handle pattern resembles the shape of a tea cup: The "cup" forms after a rounded bottom, indicating a period of consolidation and accumulation. The "handle" follows as a short-term pullback, typically on lighter volume, before a potential breakout. This pattern reflects a shift in market sentiment—from bearish to bullish—as buyers gradually regain control. 📊 Technical Confirmation Several factors strengthen the bullish outlook for IDBI Bank: The stock is trading above its 50-day and 100-day Simple Moving Averages (SMA), suggesting medium-term strength and trend alignment. The neckline resistance—the key breakout level—is identified at ₹106. A decisive move above this level would confirm the completion of the Cup and Handle pattern. 🚀 What Happens After the Breakout? If IDBI Bank breaks above ₹106 with strong volume, it could trigger a bullish rally, as the pattern implies renewed buying interest and momentum. Traders often look for price targets by measuring the depth of the cup and projecting it upward from the breakout point. 🧠 Final Thoughts The Cup and Handle pattern on IDBI Bank’s chart, combined with its position above key moving averages, presents a textbook bullish setup. While no pattern guarantees future performance, this formation is a favorite among technical analysts for its reliability and clarity. As always, traders should consider risk management and broader market conditions before acting on any signal.
NSE:IDBILong
by NANARKAR
2
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Resistance Breakout in IDBI
NSE:IDBI
by Kapil-Mittal
8
IDBI Bank cmp 92.50 by Monthly Chart view since it got listedIDBI Bank cmp 92.50 by Monthly Chart view since it got listed - Support Zone 66 to 82 Price Band - Resistance Zone 105 to 120 Price Band - Bullish Cup and Handle done indicative of good upside probability - Resistance Zone acting strongly hence Price move getting rejected since October 2011 - Breakout above Resistance Zone needs heavy traded Volumes increase and needs to sustain above it for few days to foresee and anticipate fresh upside 🤞🏽🤞🏽🤞🏽🤞🏽
NSE:IDBI
by PIYUSHCHAVDA
IDBI BANK - Good long term investment?Price observation & overview: 1. Price is in HH-HL formation. 2. Currently near the highs of the channel, once it retraces down we can plan for a fresh entry near the support area. 3. Momentum is clearly lacking. 4. Underperformance is likely to continue unless it breaks above 130 and sustains. 5. Earnings are great. 6. Volumes are good too. Weekly tf view: - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:IDBI
by SuperNova396
IDBI - Ichimoku BreakoutTradingview : 📈 Stock Name - IDBI Bank Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 81. 🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku
NSE:IDBILong
by nikunjbhadja
Some of Small Cap 100 stocks to keep eyes 👀 on for next week NSE:PVR 1) TV18 Broadcast For up side move breakout of 38.50 is needed otherwise downtrend will continue. 2) IDBI BANK This is for a bit mid to long term positional trade if it gives sustainable breakout of this box. It is making RSI bullish divergence on 1hr TF. 3) DELTA Corp It is trading in Triangle pattern in 15min TF. Breakout on either side will give move in that direction. 4) IEX On 1D TF, Friday candle gave closing in the resistance Channel. Once it come back above 180 level then we can see one pull back to go up side. but if it fail then the downtrend will continue. 5) First Source Solution It has to sustain above 100.50 to give one up spike 102 - 102.50 is a flip level. It will face resistance from it if it trades below it and it will become support if it trades above it. 6) Birla Soft 364-365 is a immediate breakout level. If it sustain above it then we can see up move in it. 7) GNFC 590-592 range is flip zone. If it sustain above it then we can see up trend. Below this range it is in bearish sentiment. Above next resistance is at 600 level. 8) Chambal Fertilizer 280 level range is major support level. We might see good bounce from here. also if it fails to hold 280 then we can also see good selling in it. 9) Balrampur Chini 378 is immediate hurdle to take out. Above this it has to sustain to test 390-395 levels. 365 is immediate support. Breakdown of this support will lead to down fall. 10) SPARC It has to sustain above 205 level range to go bullish. Below 200 level it will be bearish. 11) CANFIN HOMES 438-440 is breakout level 430-431 is support level at this moment. Breakdown of 430 will invite selling and if it takes support from 430 range then buying will come which can lead to test 438-440 level and breakout of this 440 level will lead it to test 445-448-450 levels. 12) PVR 1850-1860 is immediate resistance range. If it manage to sustain above it then we can see the up move will continues and if it face resistance from it then it may go to test 1800 levels. 1660-1680 range is major support range. 13) Radico Khaitan Above 840-841 it will be bullish. It has been trading in range since long time. Keep this on radar it can be also a good positional trade. This view are personal. All the best for your next trading week. Feel free to share your suggestions/doubts if any.
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by Trading_hawk
4