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ACTION CONSTRUCTION EQUIPMENTACTION CONSTRUCTION EQUIPMENTACTION CONSTRUCTION EQUIPMENT

ACTION CONSTRUCTION EQUIPMENT

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ACE trade ideas

Action Construction Equipment Ltd (ACE) - Chart Analysis1. Price Pattern: - A potential Cup and Handle formation is visible, which indicates a bullish continuation pattern. - The price has tested key resistance levels and is currently consolidating within the trendline boundaries. 2. Support and Resistance: - Key resistance levels: ₹1305, ₹1320 and ₹1485.30. - Immediate support levels: ₹1210.70 and ₹1072.30. - Broader support at ₹940.45, acting as a critical long-term demand zone. 3. Trendlines and Moving Averages: - The chart shows a descending channel, providing both resistance and support zones. - Key moving averages (20-day, 50-day, and 200-day) suggest a mixed trend, with the price hovering near the 20-day MA. 4. Trade Setup: - A breakout above ₹1305 could signal a bullish rally toward higher resistance levels. - Conversely, a breakdown below ₹1210 could lead to further downside toward ₹1072 or ₹940.
NSE:ACEEducation
by ballalshetty
ACE S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:ACE
by zenthosh
ACE breakout pullback Action construction Equipment(ACE) gave a breakout with good volume after consolidating for almost 1.5 years in a price range after a good run up. The script has given a pullback to the support levels of the Darvas box and nice thing is the pullback is with low volume which adds confidence. Looking at the graph the script can easily reach 400 levels with stop loss of 255 on daily closing basis. If we see the shot term trend(50dma) is now bullish and long term trend was flat which is also starting to incline upwards. The stock has started making higher highs and higher lows which is a good sign
NSE:ACELong
by Kunal_TA