Here's a Bull Spread strategy on Mindtree by HDFC Securities

The stock price has broken out on the daily line chart, with higher volumes, to close at all-time high levels

Buy MINDTREE 3000 CALL at Rs 43 & simultaneously sell 3100 CALL at Rs 21

Lot Size: 400

Cost of the strategy: Rs 22 (Rs 8,800 per strategy)

Maximum profit: Rs 31,200 if MINDTREE closes at or above Rs 3,100 on 26 August expiry

Breakeven Point: Rs 3022

Rationale:
- There is a long build-up in Mindtree Futures, where we have seen 4%(Prov) rise in the Open Interest with the price rising by 4%.

- The stock price has broken out on the daily line chart with higher volumes, to close at all-time high