Concor Breakout

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