Symmetrical Triangle Breakout in "Maruti" - Bull Call Spread.Maruti has broken its symmetrical triangle on the upper side expecting a target of of 8000-8200 in the month of December.
Bull Call Spread on Maruti
+1x 31DEC2020 7200CE - ₹ 303.5
-1x 31DEC2020 8000CE - ₹ 72.25
Max. Profit - ₹ +56,875
Max. Loss - ₹ -23,125
Max. RR Ratio - 1:2.45
Breakeven - 7432
Estimated Margin/Premium - ₹23,000-- ₹25,000