Inverted Head and Shoulder
Stock Name- Action Construction Equipment (ACE).
Nature of business- engaged in the business of manufacturing and marketing of hydraulic mobile cranes, mobile tower cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, motor graders and agriculture equipment like tractors, harvesters, rotavators, etc.
Profit-
Company has delivered good profit growth of 42.6% CAGR over last 5 years.
Company is low float as maximum shares are with Promotors, FII and DIIs.
Technical Chart Pattern- Inverted Head & Shoulder with breakout and with large volumes.
Disclaimar: Do your own analysis before considering entry.
Technical Indicator-Daily RSI above 60.
Stock has retested Support of 1465.
1st Target Expected- around and above 1600.
Nature of business- engaged in the business of manufacturing and marketing of hydraulic mobile cranes, mobile tower cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, motor graders and agriculture equipment like tractors, harvesters, rotavators, etc.
Profit-
Company has delivered good profit growth of 42.6% CAGR over last 5 years.
Company is low float as maximum shares are with Promotors, FII and DIIs.
Technical Chart Pattern- Inverted Head & Shoulder with breakout and with large volumes.
Disclaimar: Do your own analysis before considering entry.
Technical Indicator-Daily RSI above 60.
Stock has retested Support of 1465.
1st Target Expected- around and above 1600.
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