Sanghvi Movers has been in a corrective downtrend since peaking at its all-time high in May 2024. A notable shift in market structure appeared in March 2025, with the stock starting to print a series of higher lows—an early sign of a potential trend reversal.
A significant horizontal resistance, established in August 2023, has capped multiple rally attempts. Today, however, the stock challenged this level with conviction, closing +10.45% higher on massive volume, which suggests strong institutional interest. Bullish sentiment is further reinforced by a recent Simple Moving Average (SMA) Golden Cross.
While we await a confirmatory Positive Crossover (PCO) on the short-term Exponential Moving Averages (EMAs), a sustained breakout above this resistance could signal the start of a new uptrend. The next logical price target on a successful breakout would be the ₹428 zone.
A significant horizontal resistance, established in August 2023, has capped multiple rally attempts. Today, however, the stock challenged this level with conviction, closing +10.45% higher on massive volume, which suggests strong institutional interest. Bullish sentiment is further reinforced by a recent Simple Moving Average (SMA) Golden Cross.
While we await a confirmatory Positive Crossover (PCO) on the short-term Exponential Moving Averages (EMAs), a sustained breakout above this resistance could signal the start of a new uptrend. The next logical price target on a successful breakout would be the ₹428 zone.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。