Elecon Engineering Co. Ltd. – Upside Continuation LikelyElecon Engineering Co. Ltd.NSE:ELECONkalpbardiaElecon appears to have completed its Wave 4 corrective phase in the form of an ABC expanded flat, indicating a structurally mature correction within the broader uptrend. The expanded flat nature of the correction reflects deeper retracement with false breakdown characteristics, often seen before trend continuation. With the corrective phase now likely complete, the stock is positioned for a potential transition into Wave 5, which would mark the next impulsive leg higher. Price is currently stabilizing near key support zones, and the broader structure suggests that accumulation may be underway following corrective exhaustion. Momentum indicators have reset from elevated levels, further supporting the case for trend continuation after consolidation.