BULLISH REVERSAL SETUP — ADAM & EVE BREAKOUT IN FOCUS

The chart is showing a potential bullish Adam & Eve Double-Bottom formation. The first sharp bottom (Adam) is followed by a broader rounded bottom (Eve), indicating a shift from aggressive selling toward accumulation. A breakout above the neckline is the key confirmation for this pattern.

Trading Rationale

Pattern: Adam & Eve Double Bottom
Current Price: ₹486.50
Key Breakout/Neckline Zone: ₹482–₹483
Fibonacci 0.5: ₹482.90
Fibonacci 0.618: ₹502.55
Major Resistance: ₹502–₹505

The stock has broken above the Adam & Eve neckline around ₹482–₹483, which strengthens the bullish reversal structure. The breakout is also supported by a strong bullish candle and notable volume on the chart.

Upside Levels

₹502 → ₹571 → ₹626