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