🏗️ Sanghvi Movers Ltd. – Trend Reversal Confirmation in Progress

🔹 Price Action CMP: ₹396.20 (+2.44%) The stock has completed a base formation above ₹300 support and is now sustaining higher highs and higher lows, indicating a medium-term trend reversal. Price has moved above the 20-week EMA and is consolidating near key resistance around ₹400. 🔹 Technical Observations Pattern: Cup-and-handle–type recovery structure emerging after a prolonged correction. Trend: The rising trendline from recent lows (₹300 zone) remains intact. Volume: Moderate expansion during upswings, confirming accumulation-based moves. RSI: Currently around 67, holding above 60 — reflects strong bullish momentum. MACD: Positive crossover sustained with widening histogram, showing trend continuation. OBV/Strength Indicator: Turned positive after a long decline, suggesting early institutional activity returning. 🔹 Key Levels Immediate Resistance: ₹410. Major Resistance: ₹455. Immediate Support: ₹372. Major Support: ₹302. 🔹 Strength & Risk ✅ Strong base with higher low formation after multi-quarter correction. ✅ RSI and MACD alignment confirm healthy momentum buildup. ✅ OBV and volume expansion back the recent strength. ❌ Overhead resistance around ₹410–455 could trigger short-term profit booking. ❌ Failure to hold above ₹372 may extend consolidation. 🔹 Outlook The stock shows clear signs of a trend reversal supported by improving momentum and structure. Sustained strength above the ₹400 zone may keep medium-term sentiment positive, while the overall setup remains constructive as long as the ₹300 support trendline holds. 📢 Disclaimer: This analysis is for educational purposes only and not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)