ACE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.8

Technical Analysis Report

• Trend Status: Consolidating with bullish undertone
• Moving Averages: Price (₹1,098) is near 50 DMA (₹1,099) and below 200 DMA (₹1,162), indicating short-term neutrality with long-term caution
• RSI (51.3): Neutral zone, no strong momentum signal
• MACD (3.42): Positive crossover, suggesting mild bullish momentum
• Bollinger Bands: Price near mid-band, indicating equilibrium with no breakout signal
• Volume: Below average (1.18L vs 1.59L), showing reduced participation
• Support Zones: ₹1,060, ₹1,020
• Resistance Zones: ₹1,135, ₹1,175
• Entry Zone: ₹1,060–₹1,080 (near support)
• Exit Zone: ₹1,160–₹1,175 (near resistance)

Positive

• Strong ROCE (40.1%) and ROE (28.5%) reflect excellent operational efficiency
• MACD crossover indicates bullish momentum building
• PEG ratio of 0.56 suggests undervaluation relative to growth
• Debt-to-equity ratio of 0.01 highlights financial strength

Limitation

• Price below 200 DMA limits long-term bullish confirmation
• Volume below average, indicating weak conviction
• RSI near 50 shows lack of strong directional bias

Company Negative News

• Quarterly PAT declined from ₹118 Cr to ₹96.8 Cr
• FII holding dropped by 1.08%, showing reduced foreign investor interest

Company Positive News

• Quarterly profit variation of +15.7% shows year-over-year improvement
• EPS of ₹35.0 supports strong earnings profile

Industry

• Construction equipment sector is benefiting from infrastructure and capital expenditure growth
• Industry P/E of 34.3 suggests ACE trades slightly below sector average

Conclusion

• ACE is in a consolidation phase with mild bullish signals from MACD and fundamentals
• Entry near ₹1,060–₹1,080 offers a favorable setup
• Exit near ₹1,160–₹1,175 is ideal for short-term gains
• Investors should monitor volume and RSI for confirmation of breakout