Tata Steel - Pin Bar Pattern marks a strong reversal

$TATASTEEL , the stock is currently forming a potential macro Double Bottom pattern after retesting a crucial demand zone between ₹180.00 and ₹181.50, which previously established the first bottom in late March. Strong buyer defense at this horizontal support is evident from multiple pinbar candles with long lower wicks, indicating significant price rejection and supply exhaustion at these levels. For this bullish reversal structure to be fully validated, the stock must sustain this bounce, clear immediate resistance at the recent ₹194.00 swing high, and ultimately break out above the pattern's neckline resistance near ₹223.00 to ₹224.00. Conversely, if selling pressure forces a definitive daily close below the ₹180.00 support level, it would invalidate the Double Bottom setup and signal further downside continuation.