If Cosmo films closes above 414, go long with a target of 430 in 5 trading days.
Cosmo films is trading near the green box and any reversal from the green box may take the stock higher.
If it doesnt hold, it may fall to 395 levels from which fresh new positions may be created.
analysis based on Fibs
Stock shows nice bounce back from support area and pulling back for retesting. As long as stock hold this support area we are on for the trgt of 464. price action is good as its starts trading above RSI 40 level.