ACE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | ACE | Market Cap | 10,570 Cr. | Current Price | 888 ₹ | High / Low | 1,390 ₹ |
| Stock P/E | 24.3 | Book Value | 149 ₹ | Dividend Yield | 0.23 % | ROCE | 40.1 % |
| ROE | 28.5 % | Face Value | 2.00 ₹ | DMA 50 | 879 ₹ | DMA 200 | 973 ₹ |
| Chg in FII Hold | -0.82 % | Chg in DII Hold | 0.08 % | PAT Qtr | 116 Cr. | PAT Prev Qtr | 104 Cr. |
| RSI | 51.2 | MACD | 15.1 | Volume | 2,52,980 | Avg Vol 1Wk | 1,98,340 |
| Low price | 745 ₹ | High price | 1,390 ₹ | PEG Ratio | 0.43 | Debt to equity | 0.08 |
| 52w Index | 22.1 % | Qtr Profit Var | 8.15 % | EPS | 36.5 ₹ | Industry PE | 34.6 |
📈 Chart Patterns & Trend: ACE is trading above its 50 DMA (₹879) but below 200 DMA (₹973), showing short-term strength but medium-term weakness. RSI at 51.2 indicates neutral momentum, while MACD at 15.1 confirms mild bullish divergence. Bollinger Bands suggest consolidation with limited volatility expansion. Price action remains closer to support zones than highs, signaling cautious optimism.
🔑 Momentum Signals: RSI near 50 signals neutral bias. MACD positive supports short-term bullish momentum. Volume (2.52L) is above average (1.98L), confirming accumulation. Trendlines highlight support near ₹860–₹880 and resistance near ₹950–₹970.
🎯 Entry Zone: ₹860 – ₹880 (support levels)
💰 Exit Zone: ₹950 – ₹970 (resistance levels)
📊 Status: Consolidating with mild bullish bias; reversal possible if price sustains above 200 DMA.
Positive
- Strong ROCE (40.1%) and ROE (28.5%) highlight efficiency
- Quarterly PAT growth (+8.15%) shows earnings resilience
- EPS at ₹36.5 reflects profitability
- Low debt-to-equity ratio (0.08) ensures financial stability
- Stock trading above 50 DMA with positive MACD
Limitation
- P/E (24.3) below industry average (34.6), but valuations stretched relative to growth
- Dividend yield modest at 0.23%
- Stock trading below 200 DMA, showing medium-term weakness
- RSI neutral, limiting breakout conviction
Company Negative News
- FII holdings declined (-0.82%)
- Valuation concerns due to sector premium
Company Positive News
- Quarterly profit improved (₹116 Cr vs ₹104 Cr)
- DII holdings increased (+0.08%)
Industry
- Industry PE at 34.6 highlights sector premium
- ACE trading at discount compared to peers, suggesting relative undervaluation
Conclusion
✅ ACE is consolidating with mild bullish momentum supported by strong fundamentals (ROE, ROCE, EPS, low debt). While valuations are attractive relative to peers, price trading below 200 DMA limits medium-term strength. Best suited for accumulation near ₹860–₹880 with profit-taking around ₹950–₹970. Sustained recovery requires price crossing above 200 DMA with stronger RSI confirmation.
Would you like me to add a peer benchmarking overlay (ACE vs Escorts Kubota, L&T, and BEML) so you can see relative strength and valuation gaps in one modular view?