( Educational post )
Ace constructions recently breaking out its monthly flag patterns which may be a good sign for upcoming months.
Study this stock which may generate good return in coming months.
Market Cap
₹ 3,016 Cr.
Current Price
₹ 253
High / Low
₹ 292 / 175
Stock P/E
23.3
Book Value
₹ 63.3
Dividend Yield
0.24 %
ROCE
22.5 %
ROE
16.4 %
Face Value
₹...
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...
