Today's Trending Stocks |BUY & SELL| 9 Aug -

Long Trade: Cognizant Technology Solutions Corporation (CTSH) – 70.26

Today’s Long Stocks

Trade Details:

This stock is taking support at the current levels.
It has previous support at current levels on the Daily time frame chart.
If it doesn’t sustain above the 70.50 levels then it may come back to the lower levels.
RSI is very bullish at current levels of 51
Trail your stop loss at entry price after breaking 71 levels.
Risk Reward 1:2.5

Trade, SL, and Target –

Entry = Above 70.42

Stop Loss = 69.72

Target = 72.20

Please note: You can enter again in this trade if hits SL in the first entry but with the view of overall market sentiments.

Trading at the lower support zone and it may bounce to the upper levels around EMA.
The current level of 82 acts as strong support which was resistance earlier.
The upper target levels acts as a high resistance zone.
RSI is in the oversold zone, currently below 30 and it may bounce to the upper levels
Trail your stop loss to the entry price after getting 1:1 Risk Reward.
Risk Reward = 1:3

Entry = Above = 82.51

Stop Loss = 81.50

Target = 85.50

Please note: Ignore this trade if it trades in the lower rectangular zone 82 to 81. Enter only after a breakout above 82.51

Lower low formation on the Hourly chart
Resisting the upper trendline around 106.
This stock is trading below its 200 EMA. Any big move is not possible until it crosses 200 EMA or breaking upper trendline.
RSI consolidating and facing resistance around 52 levels. It may go down from this level to 30
Support of 102 on the lower side may be re-tested.
Risk Reward = 1:2

Entry = Below 105.24

Stop Loss = 106.75

Target = 102.20

Please note: Don’t Trade this stock if it goes above the trend line.

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