My CRO has volt/div max of 20V/div. With this I can measure maximum of 80V peak value. But I want to measure 240V peak value AC signal as well as 240V DC signal. So can I achieve this with CRO? Can I use external triggering for the same?
No, you need a x10 probe - but this is pretty standard anyway, with most probes being switchable x1/x10.
So a x10 probe will give 200V/div with your scope set to 20V/div - plus it increases input impedance to 10Meg, and decreases capacitance by a factor of ten.