📊 Tata Chemicals Ltd – Double Bottom Formation & Breakout Watch (Daily Chart) The stock has formed a potential double bottom structure (Bottom 1 & Bottom 2) near the ₹680–₹690 demand zone and is now attempting a recovery toward the neckline resistance. 🔎 Technical Observations: Clear Double Bottom pattern forming StrOng support around ₹680–₹690 Price attempting to reclaim 20 EMA Downtrend line breakout attempt visible Bollinger Bands tightening (volatility contraction) RSI gradually recovering from oversold zone Volume improving near second bottom 🔑 Key Levels to Watch: Immediate Resistance / Neckline: ₹740–₹750 Major Resistance: ₹765–₹780 Immediate Support: ₹690 Major Support: ₹665–₹645 📈 Bullish Scenario: Sustained close above ₹750 can confirm double bottom breakout with upside targets: ₹780 ₹812 ₹840 (pattern projection zone) ⚠️ Bearish Scenario: Failure to hold ₹680 may invalidate reversal setup and lead to fresh downside pressure toward ₹650 zone. Currently at a crucial reversal zone — breakout confirmation required. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS