Cosmo First Limited, Bulls could take charge from here

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Cosmo First Limited, Bulls could take charge from hereCosmo First LimitedNSE:COSMOFIRSTnitinKguptaAs per Elliot Waves, the subwave iii of (1) of 5 to begin once Rs763 crosses. The Diagonal structure is intact till StopLoss of Rs 520. It could achieve higher highs within a year & half. Fundamentally the capacity expansion is completed, so no more capex required. As per management Revenue to rise and bottom line to grow as well in double digits this quarter onwards. The profits will be used to reduce debts making it an attractive investment. Available at just 13 P/e. There is a clear divergence on Daily price against Rsi & Macd. Disclaimer : Not sebi registered, it's a study based on fundamental & Elliot Wave structure. Do your own analysis before any investment. I am not liable for any gains/losses based on your decisions.