ACE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.1
| Stock Code | ACE | Market Cap | 9,995 Cr. | Current Price | 840 ₹ | High / Low | 1,390 ₹ |
| Stock P/E | 23.0 | Book Value | 149 ₹ | Dividend Yield | 0.24 % | ROCE | 40.1 % |
| ROE | 28.5 % | Face Value | 2.00 ₹ | DMA 50 | 883 ₹ | DMA 200 | 1,006 ₹ |
| Chg in FII Hold | 0.04 % | Chg in DII Hold | -0.07 % | PAT Qtr | 116 Cr. | PAT Prev Qtr | 104 Cr. |
| RSI | 44.9 | MACD | -13.8 | Volume | 2,11,561 | Avg Vol 1Wk | 3,07,509 |
| Low price | 775 ₹ | High price | 1,390 ₹ | PEG Ratio | 0.41 | Debt to equity | 0.08 |
| 52w Index | 10.6 % | Qtr Profit Var | 8.15 % | EPS | 36.5 ₹ | Industry PE | 30.1 |
📉 Chart & Trend: Current price (840 ₹) is below both 50 DMA (883 ₹) and 200 DMA (1,006 ₹), confirming short-term weakness and a bearish bias.
📊 RSI: At 44.9, RSI is neutral but leaning bearish, showing limited buying strength.
📉 MACD: Negative (-13.8), indicating bearish crossover and weak momentum.
📈 Bollinger Bands: Price is near the mid-band, suggesting consolidation without strong breakout signals.
📉 Volume: Current volume (2,11,561) is below 1-week average (3,07,509), showing reduced participation and lack of accumulation.
📍 Support Levels: 820 ₹ (near-term), 775 ₹ (major support), 740 ₹ (long-term support).
📍 Resistance Levels: 860 ₹ (near-term), 900 ₹ (major resistance), 1,006 ₹ (200 DMA resistance).
🔎 Momentum Signal: Weak short-term momentum with bearish bias.
📌 Trend Status: Consolidating with risk of reversal if support breaks.
Positive
- Strong ROCE (40.1%) and ROE (28.5%) indicate excellent efficiency.
- Low debt-to-equity ratio (0.08) ensures financial stability.
- Quarterly profit growth (PAT up from 104 Cr. to 116 Cr., +8.15%).
- EPS of 36.5 ₹ reflects solid earnings strength.
Limitation
- Stock trading below both 50 DMA and 200 DMA, confirming bearish trend.
- Dividend yield is modest (0.24%), offering limited income support.
- 52-week index performance only 10.6%, showing weak relative strength.
- Volume participation is weak, reducing conviction in momentum.
Company Negative News
- DII holding reduced (-0.07%), showing declining domestic institutional confidence.
- Stock price significantly below 52-week high (1,390 ₹), reflecting weakness.
Company Positive News
- FII holding increased (+0.04%), reflecting slight foreign investor support.
- Quarterly profit growth signals operational improvement.
Industry
- Industry P/E at 30.1 is higher than company’s P/E (23.0), suggesting relative undervaluation.
- Construction and equipment sector remains cyclical but supported by infrastructure demand.
Conclusion
⚠️ ACE is consolidating with weak short-term signals (negative MACD, neutral RSI, below DMA). Entry is favorable near 820–840 ₹ with strict stop-loss at 775 ₹. Exit zones lie around 860–900 ₹, with breakout potential toward 1,006 ₹ if momentum strengthens. Fundamentals remain strong with high ROCE/ROE and profit growth, but short-term weakness and low relative strength raise caution. Traders should wait for confirmation signals; long-term investors may accumulate gradually on dips for exposure to infrastructure growth.