PSX · ENGINEERING

ASL Bear Flag forming — 1 Hour chart signal

Aisha Steel Mills Limited

1 Hour 16 Oct 2026 · 08:30 PKT

15.28

▼ 0.39%

▼ Bearish

Bear Flag forming

Chart pattern Against the trend

ASL is building a bear flag after a 1.07 drop (5.2x ATR) on the hourly chart.

The flag channel runs between 15.11 and 15.57. A hourly close below 15.07 signals continuation towards 14.04; a close above 15.57 fails the pattern.

Structure: bullish external, bullish internal (strong low 13.85). Nearest demand OB 14.42 - 14.68, supply OB 16.75 - 16.87.

Levels 1 Hour

ASL company page →

ASL closed below the external swing low at 15.20 from 06 Oct 10:00 - the bearish trend continues.

14 Oct 2026 · 10:00 PKT Market structure · BOS