Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
ACE trade ideas
I would have liked if closed above 247, still looking beautiful.SEBI unregistered. Charts produced are for personal reference only and not any recommendations.
ACE : READY TO GOGood level to Accumulate
Simple Price and volume supporting
TGT - 270 & 300+
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
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.
ACE needs a ACE card for breakout zone near 260 Q3 numbers are going to drive this trend here
Need to wait for another 2 weeks ..seems to be
Monthaly restest of BO in ACEACE has retested the BO Level oF 205 on monthly chart and one can go long in for TGT of 265 & 370 SL 180 in 6-12 months
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
ACE Swing and Short Term Trade SetupTargets and SL mentioned in the chart.
Entry above Black
SL Red
Targets Green
In case sustains above 1st target then will ride for 2nd target
ACE: STRONG CHART PATTERNBuy@CMP
TGT 1- 290
TGT 2 - 350 & 400
For long term its a good buy
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
ACE - How to identify a no brainer [A textbook VCP Pattern]BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: The breakout levels are derived from the weekly line chart which is respected much more by smart money.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Portfolio pick#ACE
Action construction equipment
ACE looks good for long term folio.
Can be added here as well, bit risky though.
#VR
breakout retracement done in acecan see more up move in ACE as the price is getting consodidated in one range after the break out in volumes
also RSI has shown good drop so that price can move upward
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON ACE.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
A multi bagger stockBuy action construction equipment forming symmetrical triangle pattern initial target 320 and final 500 company is in business of equipment required for construction
ACE buy trend in 4hrs timeframeace now its in buy trend.now it supports at trendline. i expect buy trcnd in coming days
ace roundbottom pattern ace made round bottom pattern and breakout with good volume..
and above b.o. retested level support of volume.
can be observed for upmove levels
ace pattern long view as ace pattern b.o ,
and retest and now again up ...
long can see move to expeceted level
decide on own
