Buy Idea: FAUJI FERTILIZER CO LTD (PSX)

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🔷 Buy Idea: FAUJI FERTILIZER CO LTD (PSX)
Context:
Price tapped into a discount zone, swept liquidity below the recent lows, and formed a strong bullish engulfing candle. The setup aligns with a low resistance liquidity run toward the higher timeframe distribution zone.

✅ Entry Criteria:
Entry: Above the bullish candle close at ~366

Stop Loss: Below the recent swing low at ~323

Target: Monthly resistance / low resistance area at ~435

RR Ratio: ~1:2.5+

📊 Justification:
Liquidity Sweep: Price swept the previous low (creating inducement)

FVG Reaction: Immediate bullish reaction from the demand/FVG zone

Distribution Zone Targeted: Market is likely to grab liquidity from unfilled sell orders in the upper zone

No major resistance till 435 (clean traffic)

⚠️ Risk Notes:
Confirm daily candle closes above 366 before entry

Monitor any reaction at ~390-400 distribution zone

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