Action Construction Equipment Ltd (ACE) - Chart Analysis

1. 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.