BEAKOUT IN ACE-- EDUCATIONAL PURPOSEAction Construction Equipment LimitedNSE_DLY:ACEmgvirus1Action Construction Equipment Ltd is engaged in the business of manufacturing and marketing of hydraulic mobile cranes, mobile tower cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, motor graders and agriculture equipment like tractors, harvesters, rotavators, etc. Stock made high 1685 in Apr 2024 and then corrected till 744 in March 2026 (-56% correction in almost 2 years). Then stock started rising and this week it closed above previous resistance 1150. Here higher high higher low pattern is also confirmed. Rounding bottom pattern is noticed with breakout. Long position can be initiated at CMP . We can expect the this rally to continue. TARGET : 2627 (113%) (FIBO) STOP LOSS : WEEKLY CLOSING BELOW 1070 (-13%) RR RATIO : 1:8.5 TIME HORIZON : 5-6 YEARS ONLY FOR INVESTMENT PURPOSE, NOT FOR SHORT TERM TRADING