IDBI Bank – Monthly Chart Cup & Handle StudyIDBI Bank LimitedNSE:IDBITechnicalAnalystSucrit IDBI Bank is exhibiting a well-defined Cup and Handle formation on the monthly timeframe. The rounded base (cup) spans nearly a decade, followed by a shallow consolidation (handle) in recent years. The cup’s high aligns exactly with the stock’s all-time high, making it a natural first target if the breakout confirms. Importantly, the breakout zone is converging across monthly, weekly, and daily timeframes simultaneously, increasing the probability of a high-conviction move once price clears the handle resistance. Pattern Implication Cup High / First Target: ₹130 (also the ATH) Breakout Zone: ₹75–78 Bias: Bullish above ₹78 with volume confirmation Timeframe Confluence: Monthly, weekly, and daily charts all point to the same breakout level Strategic View This setup reflects multi-year accumulation with strong technical symmetry. A breakout across all three timeframes would signal institutional participation and long-term trend reversal. Actionable Bias: Watch for breakout confirmation with volume. If triggered, the move could be swift and broad-based across investor categories.