Discussion about Renko : (from Varun's thread)

[ankur07090]

If you want to see the way I see set brick size 1 and reverse as 10,1,1,5. It will give you the same info.

Ok changed the setting.
Now green (buy) brick started from 2:12 PM on 01/09/2017 till 3:25 PM. On the opposite if check price charts it sloping down in the said period.
So how to trade this ?

 

[doss186]

That's the seed I'm talking about. In many cases they were good opportunities before market close. Now that we have missed it let's wait for the market opening.

 

[varunkochhar]

Can you guys post a chart about what you are discussing so that people may be able to evince some interest.

 

[doss186]

Can you guys post a chart about what you are discussing so that people may be able to evince some interest.

Sir its Reliance.

 

[varunkochhar]

Doss ji i would rather take a trade with CRB on monday than to sweat it out over the weekend. Reliance chart is not the easisest to trade. (I think the operator here is Reliance (MA) himself). He is very very good at wrong footing you.

 

[doss186]

Sure sir and thank you for the valuable input

 

[doss186]

Sir I also heard about the insiders or wholesaler where they change the trend just few minutes before market close and that change reflects in next day market opening.

 

[varunkochhar]

Look at this chart. Both Price and OBV have a diferent tale to tell. OBV is below the previous day's closing but price is far above it. Meaning both are out of sync. So we could have both the scenarios. One Price may go up with increase in OBV or price may coe down to join OBV. Now look at the OBV pane. We are still above the levels where the last BO took place. So all in all not an easy decision to make.

 

[doss186]

Sir you are a step ahead of insiders. Great!

 

[doss186]

Sir I also developed a time based chart and in that I don't see any short signal nor to add on. It just shows the white bars meaning indecisiveness.