ACE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | ACE | Market Cap | 10,833 Cr. | Current Price | 909 ₹ | High / Low | 1,305 ₹ |
| Stock P/E | 25.5 | Book Value | 0.00 ₹ | Dividend Yield | 0.22 % | ROCE | 73.0 % |
| ROE | 53.3 % | Face Value | 2.00 ₹ | DMA 50 | 886 ₹ | DMA 200 | 960 ₹ |
| Chg in FII Hold | -0.82 % | Chg in DII Hold | 0.08 % | PAT Qtr | 109 Cr. | PAT Prev Qtr | 116 Cr. |
| RSI | 54.8 | MACD | 1.78 | Volume | 1,89,332 | Avg Vol 1Wk | 3,46,642 |
| Low price | 745 ₹ | High price | 1,305 ₹ | PEG Ratio | 0.66 | Debt to equity | 0.01 |
| 52w Index | 29.3 % | Qtr Profit Var | -8.08 % | EPS | 35.7 ₹ | Industry PE | 35.9 |
📈 Chart Patterns: ACE is trending upward, trading above its 50 DMA (886 ₹) but slightly below 200 DMA (960 ₹), showing short-term strength with medium-term resistance.
📊 Moving Averages: Current price (909 ₹) is above 50 DMA, reflecting bullish bias, but needs to cross 200 DMA for stronger confirmation.
📉 RSI: At 54.8, RSI indicates neutral-to-positive momentum, not yet overbought.
📈 MACD: Positive at 1.78, confirming mild bullish crossover and short-term upward momentum.
📊 Bollinger Bands: Price is mid-band, signaling consolidation with potential breakout if volume improves.
📉 Volume Trends: Current volume (1,89,332) is below average weekly volume (3,46,642), showing weaker participation in the current move.
🎯 Entry Zone: 880 ₹ – 900 ₹ (near 50 DMA support)
🚪 Exit Zone: 950 ₹ – 970 ₹ (resistance near 200 DMA)
📌 Trend Status: Consolidating with bullish bias
Positive
- Strong ROCE (73%) and ROE (53.3%) highlight efficiency
- EPS at 35.7 ₹ supports earnings strength
- PEG ratio at 0.66 indicates attractive growth-adjusted valuation
- Debt-to-equity ratio at 0.01 shows financial stability
Limitation
- Price still below 200 DMA, medium-term resistance intact
- Quarterly PAT declined (116 Cr → 109 Cr)
- Volume participation below average
- Book value not reported, limiting valuation clarity
Company Negative News
- FII holdings declined (-0.82%)
- Quarterly profit fell by -8.08%
Company Positive News
- DII holdings increased (+0.08%)
- Strong efficiency metrics (ROE/ROCE)
- Stock rebounded from 745 ₹ low to 909 ₹
Industry
- Industry PE at 35.9 highlights sector trading at higher valuations compared to ACE
- Construction and engineering sector showing cyclical demand recovery
Conclusion
⚖️ ACE is consolidating with bullish signals supported by MACD, RSI, and price above 50 DMA. Entry near 880–900 ₹ offers favorable risk-reward, while resistance at 950–970 ₹ may cap short-term upside. Long-term investors may find value in strong efficiency and low debt, but weaker profit growth and FII outflows warrant caution.
I can extend this into a swing trade strategy with holding period guidance, or prepare a peer benchmarking overlay comparing ACE’s valuation and momentum against construction sector peers.