go long in action construction NSE:ACE
cmp 257
buy at cmp
average near 240 to 245 zone
target 300
reason - breakout after consolidation
ACE trade ideas
ACTION CONSTRUCTION EQUIPMENT LTD Spotted:
Round Bottom.
Inverted Head and Shoulder
Ride the Breakout.
ACEpositinal stock ....
Action Construction Equipment (ACE) Limited is India’s
leading material handling and construction equipment
manufacturing company. The company has a majority
market share in Mobile Cranes and Tower Cranes
segment.
In addition to Mobile Cranes, ACE also offers Mobile/
Fixed Tower Cranes, Crawler Cranes, Truck Mounted
Cranes, Lorry Loaders, Backhoe Loaders, Vibratory
Rollers, Forklifts, Tractors & Harvesters and other
Construction Equipment.
The company has a consolidated presence in all major
Infrastructure, Construction, Heavy Engineering and
Industrial Projects across the country.
Base on BaseClean uptrend, entire construction and its ancillary are moving. Clean Base on Base pattern.
ACE ACE is consolidating for quite some time now.
the stock has registered a close above the resistance line today.
the RSI (daily and Weakly) have given good close above 60 levels.
if the stock sustains above the resistance level.
we may see a good break out.
