Friday, May 15, 2026

Technical Analysis of Eastern Lubricants 15 May 2026

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

Eastern Lubricants is a low paid-up company.

The set up looks bullish.

In Daily chart, a close above 1,772 could ignite a massive rally.

In Long term chart, an EWP might happen - after ABC correction, we might see a next 5 wave impulse up.

SL 1,560.





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