Update on Sanghvi Movers: 370-624-706-850-1099-1398
- A series of bearish HnS patterns negated,
- A multi year downward wedge played out,
- Shakeouts at multiple junctures along with positive RSI divergences
- A multi year upward slant breakout.
Has all led to it making an ATH. Monthly chart below
Returns from Dec 2007 Top to 1099, 3.2x in 17 years…
Returns from Aug 2015 Top to 1099, 2.8x in 9 years…
If business performance continues and narratives around wind energy and infra continue, assuming 30-40% drawdowns ( if and when they come), longer term bullish bias still maintained.
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