📉 Pattern Study (Not a Buy/Sell Tip/Not Forecasting anything)
On the weekly chart of Mamata Machinery Ltd, we’re potentially witnessing a classic yet uncommon pattern — the Eve-Adam Double Bottom.
🔍 What is the Eve-Adam pattern?
🧑🦰 Eve Bottom: Broad, rounded, and forms slowly with increased volume — showing gradual accumulation.
👦 Adam Bottom: Sharp, V-shaped recovery with relatively lower volume — a quick retest signaling renewed demand.
📈 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.
🟡 Additionally, a rounding base / cup-like structure preceded this, which may act as a broader accumulation phase.
🔄 This isn’t a forecast or trade call. It’s simply a chart observation intended for pattern study and educational analysis.
📚 Patterns like these are rare — but when supported by volume confirmation, they deserve attention from a learning standpoint.
On the weekly chart of Mamata Machinery Ltd, we’re potentially witnessing a classic yet uncommon pattern — the Eve-Adam Double Bottom.
🔍 What is the Eve-Adam pattern?
🧑🦰 Eve Bottom: Broad, rounded, and forms slowly with increased volume — showing gradual accumulation.
👦 Adam Bottom: Sharp, V-shaped recovery with relatively lower volume — a quick retest signaling renewed demand.
📈 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.
🟡 Additionally, a rounding base / cup-like structure preceded this, which may act as a broader accumulation phase.
🔄 This isn’t a forecast or trade call. It’s simply a chart observation intended for pattern study and educational analysis.
📚 Patterns like these are rare — but when supported by volume confirmation, they deserve attention from a learning standpoint.
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✅ WhatsApp (Contact me) : wa.me/919455664601
✅ YouTube (More Content) : youtube.com/@HashtagHammer
Publications connexes
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
✅ Telegram ( More Charts) : t.me/hashtaghammer
✅ WhatsApp (Contact me) : wa.me/919455664601
✅ YouTube (More Content) : youtube.com/@HashtagHammer
✅ WhatsApp (Contact me) : wa.me/919455664601
✅ YouTube (More Content) : youtube.com/@HashtagHammer
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.