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ACE

#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalACE- ACTION CONSTRUCTION Very good fundamental stock Stock trading in a channel and now trying to give breakout also good volume coming Buy if closes above trendline Buy above 245/250 on closing basis for swing targets of 260/275 Keep SL of 225 for short term. Also stock is fundamentally good can be buy at CMP for long term holding. ---- Note: Above levels are for education purposes only Do your own analysis before taking any trade Please Like & Follow
NSE:ACELong
by Jordan_n-
EWT: High confidence Trade-setup for ACE Construction.ACE construction is forming a contracting triangle of waves ((4)). To draw parallel lines, I have connected wave ((2)) & wave ((4)) and merged with wave ((3)). Wave ((1)) - Five wave impulse wave ((2)) - Sharp correction - 50% retracement of wave ((1)) Wave ((3)) - Five wave impulse - Power extend Wave ((4)) - Contracting triangle - sideways correction - 38.2% of wave ((3)) Wave ((5)) - Wave ((5)) can be equal to wave ((1)). - It can end near a 1.618% extension of wave ((4)). We can expect the following targets of 273 - 292 - 320+ after the breakout of the B-D trendline. In case if price breaks the A-C trendline to completed wave E, it can fall up to 139 . According to Elliott wave, wave (4) ends near the lower degree of wave 4. Price action Perspectives: In this chart, we can see the crossover of multi-exponential moving averages. And the price is formed a value area for more than two months. If the price breaks out of this value area range, we may see an upward move for our targets.
NSE:ACE
by forextidings
10
Retest on Monthly chart for Action Construction #ACEACE is currently retesting the BO on monthly chart after almost 6 months of BO. Has sustained well above the BO neckline for Nov & December till date. A monthly close above 199 should keep intact the support. A move above 235 will give a strong 14 year BO, target of 29I previous ATH. RSI seems to have given a positive divergence, monthly RSI above 60. Disc : Invested, holding from lower levels. Not a reco to buy or sell. Please have your won research before taking any buy/sell trade
NSE:ACELong
by amjai85
Action Construction Equipment Ltd - Fundamentals and TechnicalsAction Construction Equipment is engaged in the business of manufacturing and marketing of Hydraulic Mobile Cranes, Mobile Tower Cranes, Crawler Cranes, Truck mounted Cranes, Material Handling equipment like Forklifts, Road construction equipment like Backhoe loaders, Compactors, Motor graders and agriculture equipment like Tractors, Harvesters, Rotavators etc. Let’s look at some facts and figure of the company: Fundamentals: > It is a small cap company with a market cap of just Rs. 1,910 Cr. > The ROCE is at 21.9% and ROE is at 16.5% which is impressive considering the size of the company. > Stock P/E is at 23.9 which makes the valuation very attractive as compared to sector P/E at 45.63. > Increasing Market Share: Over the last 5 years, market share increased from 9.55% to 14.78% > Higher Than Industry Net Income: Over the last 5 years, net income has grown at a yearly rate of 51.13%, vs industry avg of 43.32% > Higher Than Industry Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 13.68%, vs industry avg of 4.17% > It is almost a debt free company, reducing its borrowings continuously on year on year basis, that's a very good sign from investment perspective. > Topline and bottomline both very impressive. > FIIs and DIIs both have increased their stake in the company very recently. Technicals: > Stock looking very good on chart, its making rounding bottom pattern, one of the very profitable chart pattern. > Trading above 100 and 200 DMAs. > Stock has not just recovered Covid fall immediately but also raised almost 4 times from there. > It is clear from volume at the bottom that lot of accumulation is going on in the company and bull run is around the corner. > With the easing lockdown restrictions in multiple states the economy is showing a sign to recovery and construction activities are going to start with a big bang. Considering all the points mentioned above it is clear that this is a fundamentally very strong company with good technicals on chart. Fresh Buy - At CMP i.e. 168. Old Buy - HOLD Target - 3 times at least
NSE:ACELong
by ShareMarketSchool
1