MARI Petroleum Company Ltd (PSX) Buy Idea✅ Buy Idea Summary
Symbol: MARI
Timeframe: Daily
Current Price: 652.96
📊 Analysis & Plan
Context:
Price has bounced from a higher-timeframe demand zone (highlighted in blue) and is currently forming a bullish structure.
Key Observations:
Swing Failure Pattern near top (distribution clue).
Liquidity Pool marked at 720 — likely target for short-term buy-side liquidity.
Strong bullish reaction after price tapped near the low of the previous range.
🛒 Entry:
At/around: 652.96 (Post price).
🎯 Target Levels:
TP1 (Partial/Intraday): 720 (Liquidity Zone)
TP2 (Major Target): 829.88
TP Final: 900.23
🛑 Stop Loss:
Below 539.13 (last swing low and structural invalidation)
📥 Reinforcement Buy Zone:
Blue Demand Area (around 460–500):
“If I got here, I will look to buy more.”
→ A key reaccumulation area if price revisits.
