IDBI Bank Breakout -Volume | Can test ₹109 | Cup & Handle Exp

Here’s a **technical analysis infographic summary for IDBI BANK LTD** based on the chart you provided:

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### 📊 **IDBI BANK LTD – Daily Chart Summary**

* **Pattern Formed:** ☕ **Cup and Handle (Bullish Continuation)**

* The cup formation is clearly visible and a breakout has occurred above the neckline resistance.

* **Breakout Zone:**

* **Neckline resistance:** ₹87.55 (now acting as support)
* **Breakout confirmation with volume**

* **Measured Move Target:**

* Cup Depth: ₹21.56
* Target = ₹87.55 + ₹21.56 = **₹109.00**

* **Current Price:** ₹94.52 (as of the latest candle)

* **Volume Analysis:** 📈

* Significant surge in volume on breakout = strong buying interest.
* Volume well above moving average – confirms breakout strength.

* **Support Levels:**

* Immediate: ₹87.56
* Lower: ₹68.00 and ₹65.91 (base of the cup)

* **Resistance Ahead:**

* Minor: ₹95.99 (recent high)
* Target zone: **₹107.99 – ₹109.00**

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### 📌 **Technical View:**

**Bullish breakout confirmed** from a classic cup pattern. Price is heading towards the projected target of ₹109 with strong volume support. Dips toward ₹87–₹90 may provide accumulation opportunities.

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