COSMOFIRST trade ideas
Cosmo First cmp 1008.60 by Weekly Chart viewCosmo First cmp 1008.60 by Weekly Chart view
- Price has sustained closure above both the Falling Resistance Trendlines
- Volumes have surged heavily this week by demand based buying, to attempt a huge breakout
- Weekly basis Support at 870 > 720 > 590 with the Resistance seen at 1125 > 1255 > ATH 1428
- Price Band 971 to 1000 maybe considered as a Support Zone and/or Resistance Zone basis Weekly Closure
cosmosfirst now 930 looks nice with cup & handleHello Investor's,
If the stock sustains above the breakout level (800 to 850), followed by a higher potential target of 1280. However, a stop loss at 700 is suggested for risk management in case of a reversal.
Early entry set up watch out.
This setup is commonly used by technical traders to identify potential opportunities in the market.
ready for targets COSMO FIRSTCosmo First Ltd., incorporated in the year 1976, is a Small Cap company (having a market cap of Rs 2,339.24 Crore) operating in Packaging sector.
Cosmo First Ltd. key Products/Revenue Segments include Packaging Film, Traded Goods, Export Incentives, Other Operating Revenue, Scrap, Sale of services for the year ending 31-Mar-2024.
For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 778.65 Crore, up 10.26 % from last quarter Total Income of Rs 706.19 Crore and up 15.44 % from last year same quarter Total Income of Rs 674.52 Crore. Company has reported net profit after tax of Rs 45.75 Crore in latest quarter.
As on 30-09-2024, the company has a total of 2.62 Crore shares outstanding.
Cosmo Films Share Price Today is Rs. 891.15 as on 06 Dec, 2024, 03:59 PM IST. On previous day, the Cosmo Films Share Price (NSE) closed at Rs. 861.2, featuring among the most traded securities on the National Stock Exchange.
Cosmo First for 35% gainsDate: 30 Sept’24
Stock: Cosmo First
Timeframe: Daily chart
Cosmo First seems to have begun a fresh five wave impulse in March’24 and currently in Wave V of 1 which is heading towards 1050+ (~35% from current price of 790) as seen in the chart. Wave 1 target could even extend to around 1150-1200 levels (50% higher from current price) which can be reviewed once it moves beyond 950.
This is not a trade recommendation. Please do your own analysis. I am not a SEBI registered RA.
Trendline Breakout (Trend Reversal)Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Can $NSE:COSMOFIRST Will Test 850 ?Dear Followers,
I hope this message finds you well. I wanted to share my swing trade view on NSE:COSMOFIRST with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:COSMOFIRST
Holding Time Frame: 90-120 Days
Entry Point: 670-680
Stop Loss Point : 620
Target Point: 750,800,880
I've created a chart on TradingView that illustrates my analysis. You can view it by clicking on the following link:
in.tradingview.com
Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Dated 24-Sep-2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions.
Feel free to reach out if you have any questions or if you'd like to discuss this swing trade view further. Your feedback and insights are always appreciated.
Best regards,
Ajay Metha
BREAKOUT, COSMO FIRST, 95% RETURNS!!!BUY - COSMO FIRST LTD
CMP - Rs. 719
Target - 1: Rs. 968
Target - 2: Rs. 1192
Target - 3: Rs. 1403
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Timeframe - 2 months - 1 year
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
Cosmofirst on lower line of the parallel upway pathCOSMOFIRST is almost at the lower line of the parallel channel. It is on uptrend with RSI showing a bull run for it.
It can be accumulated now and sell around ~740 for a 20% return.
PS: I am a self learner and don't invest depending on my idea. Please research by yourself first. :)
BREAKOUT, COSMO FIRST, 97% RETURNS!!!BUY - COSMO FIRST LTD
CMP - Rs. 705
Target - 1: Rs. 970
Target - 2: Rs. 1145
Target - 3: Rs. 1394
.
Timeframe: Target - 1: 6 months, Target - 2&3: 1-2 years
.
Technicals - Bullish Flag Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!