PSX - NETSOL

Trade Plan
1. Entry Strategy
Buy Zone: Enter near the current price (158.19) or wait for a retest near 148.86 (0.5 Fibonacci retracement of AB) for better risk-reward.
2. Target Levels
Primary Target (TP1): 173.00 (recent high and psychological resistance level).
Secondary Target (TP2): 190.06 (ABCD pattern completion).
3. Stop-Loss
Place the stop-loss below the 0.786 retracement level (135.27), ideally around 132.00, to account for volatility.
4. Risk-Reward Ratio
Risk: ~26 points (158.19 - 132.00).
Reward:
TP1: ~14.81 points (173.00 - 158.19).
TP2: ~31.87 points (190.06 - 158.19).
R:R Ratio:
To TP1: ~1:0.57.
To TP2: ~1:1.22.
5. Position Sizing
Use a position size that risks no more than 1-2% of your trading capital.
6. Exit Strategy
Partial Profit Booking: Close 50% of the position at TP1 (173.00).
Trailing Stop: Move stop-loss to breakeven after TP1 is reached.
7. Risk Factors
Market sentiment or news affecting PSX stocks.
Broader market trends impacting the technology sector.