Ambuja Cement - Forming Ascending Triangle

On Daily chart Ambuja Cement is forming Ascending Triangle.

Break and Sustain above 280 will take it to 300--310 and then to 330++ mark.
Support at 265--260.

Trading Recommendation

Bull Call Ration Spread

+1x 25FEB2021 270CE - ₹ 13.5
-4x 25FEB2021 300CE - ₹ 3.9

Max. Profit ₹ +94,800 at (₹ 300)
Undefined loss above 310.00 Subject to hedge after 310.00

Downside is capped with zero risk.

Trade closed: target reached:

Stock Closed at 281.00

+1X270 CE bought at 13.5 and closed at 8.70
-4 X300 CE sold at 3.90 covered at 0.00

Made a profit of 30,000.