Concor looks positive above 423.00.
For the upside targets of 480--500.
Looks week only below 390.00.
We'll initiate favourite strategy - Bull Call Spread.
Bull Call Spread on #CONCOR
+1x 31DEC2020 430CE - ₹ 15.9
-1x 31DEC2020 480CE - ₹ 4.5
Max. Profit - ₹ +48,250
Max. Loss - ₹ -14,250
Max. RR Ratio - 1:3.40
Breakeven - 442.00
Estimated Margin/Premium - ₹30,000-- ₹35,000.00
For the upside targets of 480--500.
Looks week only below 390.00.
We'll initiate favourite strategy - Bull Call Spread.
Bull Call Spread on #CONCOR
+1x 31DEC2020 430CE - ₹ 15.9
-1x 31DEC2020 480CE - ₹ 4.5
Max. Profit - ₹ +48,250
Max. Loss - ₹ -14,250
Max. RR Ratio - 1:3.40
Breakeven - 442.00
Estimated Margin/Premium - ₹30,000-- ₹35,000.00
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.