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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan 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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.