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