Our Preference: Buy above 177 with strict stop loss of 172.80 and profit target at 183 and 187 with extension towards 192.
Alternate Scenario: In case of breakout below 172.80 watch for 167.
TECH NOTE: PSO is trying to establish ground above a horizontal supportive region and would try to target 183 and 187 initially while breakout above 187 will call for 192.
Be careful as PSO have created a doji formation on weekly chat therefore be vigilant with stop loss as breakout below low of this weekly doji would start adding pressure