Breakout on Torrent Symmetrical Triangle
Above 330 , it can touch 350--360 and then 370++ mark.
Immediate Support at 310.
Trading Strategy with Bull Call Spread.
+1x 31DEC2020 330CE - ₹ 12.9
-1x 31DEC2020 360CE - ₹ 4.35
Max. Profit ₹ +64,350
Max. Loss ₹ -25,650
Max. RR Ratio - 1:2.51
Breakevens - 339.0
Estimated Margin/Premium - ₹ +34,067
Above 330 , it can touch 350--360 and then 370++ mark.
Immediate Support at 310.
Trading Strategy with Bull Call Spread.
+1x 31DEC2020 330CE - ₹ 12.9
-1x 31DEC2020 360CE - ₹ 4.35
Max. Profit ₹ +64,350
Max. Loss ₹ -25,650
Max. RR Ratio - 1:2.51
Breakevens - 339.0
Estimated Margin/Premium - ₹ +34,067