Sanghvi movers has triggered stop loss. So in case you have position please exit from the same.

Sanghvi movers have been one of stocks which have come down from 110 levels to 65 today. So let me not get in to fundamental analysis that if this stock will do good in the long run or not.

But today we see a good trading opportunity for the coming 15 days which can give you good money.

We have used the significant point technical analysis to analyze the stock and here’s what we have come up to.

Point number 1:- In march from the current levels ( i.e. 64)  it had bounced back.  We see that it’s respecting these levels again.

Point number 2:- If you see the trading on 11/5/ 2013 the volume has completely dried off. 52 , yes 52 was the volume on 11/5/2013. What this means that many people are reluctant to trade on these level. This was followed by huge consumption of 22658 on 13/5/2013. This huge consumption means traders are taking positions on this level.

Point number 3:- results are expected on coming 27^th . Now it does not matter how the results are neither have we analyzed but it’s a nice event to make people drive in getting in to this stock.

So people can take positions these levels i.e. 64.50 and the first target is 70 and next target is 75 in the coming days.

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