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.
๐ฏ Master My Self-Made Trading Strategy
โ WhatsApp (Course): wa.me/919455664601
๐ Telegram (Free Charts): t.me/hashtaghammer
โ WhatsApp (Course): wa.me/919455664601
๐ Telegram (Free Charts): t.me/hashtaghammer
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
๐ฏ Master My Self-Made Trading Strategy
โ WhatsApp (Course): wa.me/919455664601
๐ Telegram (Free Charts): t.me/hashtaghammer
โ WhatsApp (Course): wa.me/919455664601
๐ Telegram (Free Charts): t.me/hashtaghammer
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.