After the market crash in March 2020, the stock began a steady upward movement and formed a Bullish Pennant pattern.
After breaking out, the price surged and encountered resistance multiple times near the 5,550 level.
Consequently, the stock price experienced a significant drop and entered a prolonged consolidation phase.
During this phase, an Inverted Head & Shoulders pattern emerged on the chart.
Most recently, a breakout has occurred, causing the stock to move higher.
TTKPRESTIG
The stock price has developed a Head & Shoulder pattern on the weekly chart.
After the pattern breakdown, the price underwent a significant consolidation period and created a Double Bottom pattern, suggesting a potential reversal in the trend.
By breaking above the pattern's neckline, the price is now moving upwards with a substantial potential for gains.
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Based on our analysis, TTK Prestige has experienced an impressive nearly 15% increase in just three weeks and still going up.