ACE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of Action Construction Equipment Ltd. (ACE)

📊 Trend Overview

Current Trend: The stock is in a short-term uptrend with signs of momentum continuation. Price has recently bounced above both key moving averages.

Price Action: Trading at ₹1,144, above the 50-DMA (₹1,103) and just below the 200-DMA (₹1,184), indicating bullish momentum with a potential breakout if it sustains above the 200-DMA.

📈 Momentum Indicators

RSI (60.4): Bullish zone, suggesting strong buying interest but still below overbought territory.

MACD (17.1): Positive and rising, confirming bullish momentum and trend continuation.

Volume: Current volume (3.31L) is above the 1-week average (2.98L), indicating healthy participation and supporting the upward move.

📉 Volatility & Bands

Bollinger Bands: Price is approaching the upper band, signaling strength. A breakout above ₹1,185 with volume would confirm a bullish continuation.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 1,100 – 1,120 Near 50-DMA and recent pullback zone

Resistance 1,185 – 1,220 200-DMA and psychological barrier

Breakout Zone 1,250+ Above this, next target is ₹1,400 – ₹1,500

🎯 Entry & Exit Strategy

Optimal Entry: ₹1,110 – ₹1,130 (on dips with bullish confirmation)

Exit Zone: ₹1,185 – ₹1,250 (partial profit booking); ₹1,400+ (final resistance)

Stop Loss: ₹1,080 (below 50-DMA)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish signals from RSI and MACD

Volume: Rising, confirming interest

Outlook: Positive; watch for breakout above ₹1,185 with volume for next leg up

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