Sanghvi Movers

Its forming a bottom.

Monthly chart: Post ~72% DD from May2024 top to Feb2025 bottom , its given a decent upmove (post multi year retest).

Weekly chart: Post Feb25 bottom, its given a ~70% upmove, most likely capturing the turn in results and markets understanding/reflecting the new business model and margin structure for the company.

Daily Chart: Gives the clearest picture. Bottom forming patterns like the inverse H&S (powerful patterns) are clearly seen. Accumulation can be seen in volume spurts and high deliveries.

It mostly wont be a V shaped recovery back to the previous ATH’s. but a slower upmove, with earnings catching up with valuations.

Post results fall was mostly expected given the previous upmove in past weeks and as per Inverse H&S pattern formation. Trading volatility most likely.

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