🧩 TTK Prestige – Long-Term Correction Likely Completed

1️⃣ Elliott Wave Structure From 2009 to 2021, the stock completed a strong 5-wave impulsive bull run, peaking near ₹1,250–₹1,300. Since then, it entered a prolonged ABC corrective structure, lasting nearly 4 years — a healthy time correction after the decade-long rally. The C-wave low appears to have formed around ₹600, which coincides with major moving average and Fibonacci support. 2️⃣ Moving Averages & Trend Context The 200-month EMA (~₹601) has acted as a strong long-term support multiple times — showing that the secular uptrend remains intact. The lower trend line of the entire 15-year channel also aligns with this region → high-probability reversal zone. 3️⃣ Technical Interpretation TTK Prestige is likely at the end of a 4-year correction, forming a base around ₹600. If it sustains above ₹700–₹720, it could mark the start of a new impulsive rally (Wave 3) with 40–70% upside over the next 1–2 years. The risk-reward is favorable with a stop below ₹590 (monthly close basis).