Cognizant Technology Solutions Corporation (CTSH) provides consulting, technology & outsourcing services in North America, Europe & Internationally. It operates through four segments: Financial services, Health services, Product & resources & Communications, Media & technology. It comes under Technology Sector & trades as “CTSH” ticker at Nasdaq.
In monthly, CTSH ended ((II)) in double correction at $37.08 low in blue box area & favors rally in ((III)). Further upside in ((III)) will confirm above March-2022 & extend towards $130.5 – $188.2 area. Buyers got risk free longs from monthly blue box area, favoring upside.
CTSH – Elliott Wave Latest Weekly View:
In monthly, it started Grand Super Cycle from 1998 low. It ended ((I)) at $93.47 high in March-2022. Within ((I)), it ended (I) at $23.89 high, (II) at $7.19 low, (III) at $85.10 high, (IV) at $40.01 low & (V) at $93.47 high. Within (III), it ended I at $41.74 high, II at $26.77 low, III at $69.80 high, IV at $45.44 low & V at $85.10 high. Below ((I)) peak, it ended ((II)) correction at $37.08 low in June-2026 low & favors rally in I of (I) of ((III)). Within ((II)), it ended (w) at $51.33 low (Nov-2022), (x) at $90.82 high (Feb-2025) & (y) at $37.08 low. The (w) was sharp move, while (x) ended in 7 swings bounce followed by (Y) in 3 swings correction.
CTSH – Elliott Wave Latest Monthly View:
Above ((II)) low, it favors rally in ((1)) of I of (I) of ((III)). Further upside will confirm when it breaks above $93.47 high of ((I)). It already reacted more than 50 % of (y) leg ($64.06) level, allowed investors to be risk free by taking partial profit. Investors look for next rally targeting $130.5 – $188.2 area as ((III)). Short term, pullback in ((2)), once ends ((1)) will remain supported in 3, 7 or 11 swings pullback, while above 6.30.2026 low.
CTSH – Elliott Wave View From 6.08.2026:
Source: https://elliottwave-forecast.com/stock-market/cognizant-ctsh-favors-rally-above-130-5-from-blue-box/