CMP: 67.3 SL: 57 Resistance: 69/79 Target: 79/89/95/120/140
It seems that in the recent days price is rising with good volume and it is falling on low volume. Now the current pullback also follows the same. The entry could be any close above the previous days high if the volume is rising compared to the previous day. Target could be previous swing high which is around 56.
Sell if it breaks. Alternatively, you can sell 50 CE.
NSE:INFIBEAM sell initiate for 14 Nov 2018 using 1 hour chart based on Fibonacci levels, check below Sell level : Sell Below : 51.85 Stop Loss : 55.2 Target : 47.85
Earnings tomorrow after market close, likely to be heavily negative. I intend to enter the trade late towards the market close to minimize theta. A major risk here is the theta since the lot size is massive.