Buy IDBI Bank Ltd For Target Rs. 118 by Jainam Share Consultants
IDBI Bank Ltd
Buy IDBI Bank Ltd CMP 105.25 Buy Price 105.25 Target 118 Stop loss 97.60 Holding Periond 30 Days
* The stock price trading at Rs. 105.20 on 20 NOV 2025.
* LTIM has formed a Cup and handle pattern on the daily chart, indicating a potential bullish continue pattern. Price has broken above resistance zone, supported by strong volume.
* The pattern was decisively broken with strong volume, confirming the breakout. Post breakout, the stock is showing strength and is currently trading above the 20-day EMA, 50-day EMA and 200-day EMA, indicating a positive shift in trend.
* RSI is also trading at above 60. rsi indiccating strength in this breakout.
* Based on the current price action, we expect the stock to move higher toward the 115-118 levels. A stop loss can be maintained at Rs97.60 to manage risk effectively.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
