Cognizant (CTSH) forecast: Blue box support could trigger next advance to triple digits

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.

CTSH ended ((I)) in monthly Impulse sequence from inception & now correcting in ((II)). Investors should enter between $48.56 – $22.46 area for multi-year rally. Short term, it expects choppy to lower to extend pullback against January-2026 peak.

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 $21.34 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 $69.35 high, IV at $45.44 low & V at $85.10 high. Below ((I)) peak, it is correcting lower in proposed zigzag correction & expect another push lower into blue box area. Buyers should step in between $48.56 – $22.46 area for next multi -year rally or at least 3 swing bounce.

CTSH – Elliott Wave latest monthly view

It ended (a) of ((II)) at $51.33 low & (b) as double three at $90.82 high in February-2025. Below $90.82 high, it ended I of (c) at $65.52 low, II as flat correction at $87.03 high & III at $45.48 low. Above there, it favors bounce in IV & expect sideways to higher to break above $57.65 high to end it. It is underperforming the $QQQ sector, so possibly it still can extend lower in V of (C) in primary view. But if it starts outperforming the $QQQ then it can be ended ((II)) in double three structure. Investors should get in below $45.48 for next rally with stop below $22.40. Do not like selling it in any pullback as it already reached extremes.