India, Feb. 24 -- The emergence of a double-bottom pattern after an extended downtrend underscores robust buying interest at lower levels. A clear breakout above the neckline points to the likelihood of a bullish trend reversal.

A double-bottom pattern points to a possible trend reversal following a previous downtrend, characterized by two comparable lows near a significant support zone. A decisive breakout above the neckline reflects increasing buying pressure, indicating that selling momentum is fading and that upward traction may begin to strengthen.

On Monday, Tata Motors Passenger Vehicles Ltd had formed a double-bottom pattern on the daily chart, indicating early signs of a potential reversal. The pattern has since confirmed, with...