📊 Fundamental Key Points:
Action Construction Equipment Ltd engages in manufacturing and marketing hydraulic mobile cranes, tower cranes, construction equipment, and agricultural machinery. The company offers a diverse product portfolio to meet various customer requirements.
Financials: Market Cap ₹17,094 Cr, Current Price ₹1,428, Stock P/E 61.7, ROCE 26.2%,...
ACE has always moved as expected and this time multiple factors are indicating another rally before this month's end, one green candle tomorrow will do the job.
Daily timeframe - volume buildup is significant good enough.
Rectangle pattern breakout with good volume buildup.
Support taken from 50EMA- midterm is bullish.
NOTE: I do my analysis, do your before trade.
Reason for long
a) Triangle breakout
b) two bar reversal set up
c) weekly breakout
d) super vwap breakout
e) Volume burst
d) channel breakout
g) QQE above zero
h) open=low for entry set up
i) SL compulsory
NSE:ACE
✅ #ACE trading above Resistance of 1440
✅ Next Resistance is at 1800
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Analysis Criteria Used:
1. Please find the Chart Analysis done for the 2nd April, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
NSE:ACE
✅ #ACE trading above Resistance of 948
✅ Next Resistance is at 1440
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Breakout with strong volume -
1. 5 mo uptrend
2. Flag breakout awaited
3. Sideways for more than 2 mo
4. Falling volume during sideways - accumulation
5. Respects 50 DMA for support
--Darvas dox breakout and retest
--flag and pole pattern near breakout region
--Target 1000
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk...
stock in up-trend
the stock has broken out from consolidation in a weekly timeframe with volume
entry above the line
for-profit trail with daily pivot or 21-day moving average
stop below the line
the stock transition from stage 3 to stage 2 (ref stan Weinstein's secrets for profiting from bull and bear markets)
( not buy-sell recommendations thus is...
