🛠️Multi-Signal Setup Forming in ACE! A Turnaround in the Making?

Action Construction Equipment (ACE) is showing signs of a potential bullish reversal from a well-defined falling channel on the weekly chart. 🔍 Technical Analysis: MACD Bullish Divergence: Price made lower lows while MACD formed higher lows — a classic signal of hidden strength building under the surface. Falling Channel Pattern: Price is bouncing off the lower end of the falling channel and is now heading toward the upper band near ₹1,400. AVWAP from breakout zone (~₹950) acted as a strong base during the correction phase, offering long-term support. 📈 Why it Matters: A breakout above ₹1,400 could confirm the end of this consolidation phase and open up the path to fresh all-time highs. Volume support and improving MACD histogram strength validate accumulation. 💼 Fundamental Backing: ROCE > 25%: Strong capital efficiency in a capex-heavy sector. Consistent revenue growth driven by infra push, crane exports, and defence orders. Sound management execution and a growing order book make this a fundamentally solid pick.