PSX - ASL - Long PositionTrend: Bullish (making HH/HL)
Divergence: No
Price has broke the previous HH and Green candle is closed above previous High
ASL trade ideas
#Aisha Steel Mills Ltd. (ASL) – PSX Monthly ChartTechnical Analysis: Aisha Steel Mills Ltd. (ASL)
Time Frame: Monthly
Analysis Focus: Time Cycle & Seasonality
🔎 Time Scale & Cyclic Behavior
Historical analysis shows that ASL tends to complete a full bullish cycle in ~1200–1400 days (3.5–4 years).
In the past:
Cycle 1: 1187 days to peak (~Rs. 28).
Cycle 2: 1400 days to next peak (~Rs. 28).
Current Cycle: Already 1300 days in progress, aligning with previous time cycles, suggesting another potential bullish run into 2026.
This time-cycle repetition indicates predictable bullish peaks every ~4 years.
🌦 Seasonality Importance
Seasonality analysis shows strong bullish months for ASL: July, August, September, November, December, and January.
These months historically aligned with upward momentum and price rallies.
With the current bullish reversal underway, the upcoming Nov–Jan 2026 window is critical for continuation towards cycle highs.
📈 Trade Plan
Trend: Bullish
Buy: Instant (current Rs. 13.60 zone still favorable)
Stop Loss (SL): Rs. 11.62
Take Profit Targets:
TP1: Rs. 17.91
TP2: Rs. 19.31
TP3: Rs. 22.11
TP4: Rs. 28.08 (historical top and cycle resistance)
📊 RSI & Momentum
RSI = 64.94, indicating bullish momentum with further upside potential before reaching overbought.
Past bullish reversals coincided with RSI crossing 60+, which aligns with the current breakout phase.
Strong momentum supports continuation towards higher cycle targets.
🚀 Projection & Expectation
Based on time cycles (~1300 days), ASL is entering its bullish window that typically ends with a peak around Rs. 28.
Combined with seasonal strength (Nov–Jan), the probability of continuation is strong.
Traders can look for daily & 4-hour chart confirmations to add positions while maintaining tight stop losses.
⚠️ Risk Notes
Failure to hold above 11.62 would invalidate the bullish outlook.
Macro factors in steel demand and PSX sentiment may accelerate or delay the cycle’s peak.
Patience is key — cycle completion typically spans 12–18 months after reversal begins.
✅ Conclusion:
ASL is respecting its long-term time cycle (~4 years) and has entered a new bullish phase. With seasonal tailwinds in late 2025 and early 2026, the probability of a rally towards Rs. 22–28 is high. This makes ASL a strong accumulation candidate for swing and positional traders, provided risk management is followed.
ASL – TECHNICAL BUY CALL (1H TF) | 11 AUGUST 2025 ASL – TECHNICAL BUY CALL (1H TF) | 11 AUGUST 2025
The stock is in an accumulation phase on a higher timeframe (light pink) and has created a mini accumulation phase on a lower timeframe (light blue channel).
ASL another perspectiveASL another perspective with Ascending Green Channel and Descending Red Channel.
ASL moving towards the projectionsASL is moving towards the anticipated TPs. May be watched on and placed on watchlist to track price meovement
ASL Setup Elliot WaveASL elliot wave setup is forming 3 top pattern and in triangle if we buy we can turn profit for PSX.
ASL-BullishBreakout of Consolidation Box
Breakout of Descending trend line
Price came back for retesting of consolidation Box breakout
It is expected that price may go up and reach Tp-1 and Tp-2
Aisha Steel Limited (ASL) Key Support LevelsThese are Aisha Steel support key levels. Aisha steel share may be drop to these levels and bounce back. This is technical analysis not a buy/sell call.
Aisha steel Mills #ASL touched its lower low and monthly candle shows despite positive chance to go up. Perfect time to buy at recent price. Huge potential to grow.
Note : i am not a financial adviser Do your own research before buy
Bullish Divergence on Weekly as well as Monthly TF.Bullish Divergence on Weekly as well as Monthly TF.
Started making HH HL Series on Weekly TF.
Those who are already holding ASL, should keep
a Stoploss of 6.10 (on Closing basis).
Fresh Entry can be taken around 7.40 - 8.10 with
a Stoploss of 6.10 (on Closing basis)
Initial Targets can be 9 then 10.50
ASL in a bearish trend.Aisha Steel is struggling even in a trending market and is in a downward trajectory.
Doji on Weekly TF (Indecisive)Doji on Weekly TF (Indecisive)
However, 0.618 fib level is around 6.80 - 7.10
Also, Breakout level is being Tested again
