COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION (CTSH) WEEKLY CHART
Cognizant Technology has been some profit booking on weekly charts after hitting high of 76.85. After the weekly high candle we saw an inside candle and followed by big bodied red candle with range expansion on downside. Low is formed at 72.69 on the stock.
Watch earlier swing highs at 72.71 and 72.36 formed in first and last week of August 2023.
We have a important level to watch at 50% of the earlier range which is 72.40 as seen on chart.
This level can act as a trend decider for this stock in coming weeks.
Happy Trading !!!
N.B. : With usual disclaimers as applicable within reach of this post platform.
Watch earlier swing highs at 72.71 and 72.36 formed in first and last week of August 2023.
We have a important level to watch at 50% of the earlier range which is 72.40 as seen on chart.
This level can act as a trend decider for this stock in coming weeks.
Happy Trading !!!
N.B. : With usual disclaimers as applicable within reach of this post platform.