๐ Pattern Study (Not a Buy/Sell Tip/Not Forecasting anything)
On the weekly chart of Mamata Machinery Ltd, weโre potentially witnessing a classic yet uncommon pattern โ the Eve-Adam Double Bottom.
๐ What is the Eve-Adam pattern?
๐งโ๐ฆฐ Eve Bottom: Broad, rounded, and forms slowly with increased volume โ showing gradual accumulation.
๐ฆ Adam Bottom: Sharp, V-shaped recovery with relatively lower volume โ a quick retest signaling renewed demand.
๐ What makes this setup notable?
-A clear Eve structure formed over several weeks.
-Volume started rising visibly into the breakout, especially during the right-side thrust.
-A possible Adam leg is being projected based on the symmetry of the pattern.
๐ก Additionally, a rounding base / cup-like structure preceded this, which may act as a broader accumulation phase.
๐ This isnโt a forecast or trade call. Itโs simply a chart observation intended for pattern study and educational analysis.
๐ Patterns like these are rare โ but when supported by volume confirmation, they deserve attention from a learning standpoint.
On the weekly chart of Mamata Machinery Ltd, weโre potentially witnessing a classic yet uncommon pattern โ the Eve-Adam Double Bottom.
๐ What is the Eve-Adam pattern?
๐งโ๐ฆฐ Eve Bottom: Broad, rounded, and forms slowly with increased volume โ showing gradual accumulation.
๐ฆ Adam Bottom: Sharp, V-shaped recovery with relatively lower volume โ a quick retest signaling renewed demand.
๐ What makes this setup notable?
-A clear Eve structure formed over several weeks.
-Volume started rising visibly into the breakout, especially during the right-side thrust.
-A possible Adam leg is being projected based on the symmetry of the pattern.
๐ก Additionally, a rounding base / cup-like structure preceded this, which may act as a broader accumulation phase.
๐ This isnโt a forecast or trade call. Itโs simply a chart observation intended for pattern study and educational analysis.
๐ Patterns like these are rare โ but when supported by volume confirmation, they deserve attention from a learning standpoint.
โ
Telegram ( More Charts) : t.me/hashtaghammer
โ WhatsApp (Contact me) : wa.me/919455664601
โ YouTube (More Content) : youtube.com/@HashtagHammer
โ WhatsApp (Contact me) : wa.me/919455664601
โ YouTube (More Content) : youtube.com/@HashtagHammer
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
โ
Telegram ( More Charts) : t.me/hashtaghammer
โ WhatsApp (Contact me) : wa.me/919455664601
โ YouTube (More Content) : youtube.com/@HashtagHammer
โ WhatsApp (Contact me) : wa.me/919455664601
โ YouTube (More Content) : youtube.com/@HashtagHammer
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.