RSI Convergence in cosmo firstCOSMO FIRST is at support @Daily TF.
and from the chart it is clear that RSI is making higher lows.
Moreover 100 EMA @Weekly TF (@821) is just below current market price.
Red flag (Risks) - The only red flag to consider before building any long position is that all 20, 50 moving averages are below 200 Day EMA.
Conclusion :- It can provide a good swing opportunity in upcoming days, but as it is an early entry SL is a must @830 .
Trade ideas
Cosmo Film.... Solid BO.... 750-1000 pointsCosmo Film is in uptrend and stock gives a solid BO with heavy volume after 5 months consolidation..... Along with channel BO we can see Bull Flag BO..... Easy 750-1000 points can be expected....
Cosmo Films: Cosmo Speciality Chemicals is the unseen story!1. Commodity business? Think again!
2. Cosmo Films reports 109 pc increase in PAT for FY21.
3. Going forward chemicals business is going to be the differentiator for the company.
4. Pet care will be a value addition soon.
5. Both Chemicals and Pet care businesses will be demerged in due course to unlock the value. (Cosmo Ferrites is another group company; so company is share holder friendly).
6. SRF is into flexible packaging films + speciality chemicals. Rossari biotech is into speciality chemicals + pet care
7. Right now stock available at throw away valuations <10 PE. (SRF trades at 40 PE and Rossari at 92 PE)
CosmoFilms-Harder I fall, Higher I Bounce :)-LongAlthough not steep but a steady increase in Revenues and a good improvement on the Operational and Net profit over the last 5 years, Cosmo films stood as a strong contender in the metallized film market. Thats the overview fundamentally. Now Technically, the volumes and delivery percentage have been healthy ever since its fall in March. Momentum high and with almost no debt on its balance sheet and with great management combined with the demand for its products, the stock price may see some steep rise. MACD positive and ADX trending, Stochastic% Bullish.
With SMAs for 200, 100, 50, 20 and 5 days in ascending order, Cosmo is looking like cheetah on the run to make the kill.
May go up another 30% in two months.
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