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Mechanics of Renko Charts

Renko charts are built using fixed price movements (called u201cbricksu201d) rather than time. A new brick forms only when price moves by a set amount, filtering out market noise. This makes trends clearer and helps traders spot breakouts, reversals, and support/resistance levels more easily.

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Mechanics of Renko Charts

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  1. Read blog - https://navia.co.in/blog/renko-charts-redefined-a-family-bonding/ Mechanics of Renko Charts

  2. Renko Charts – Brick by Brick Basics Read blog - https://navia.co.in/blog/renko-charts-redefined-a-family-bonding/ • No Time Axis – Renko charts focus only on price movement, ignoring time and volume. How it Works: • Brick size = ₹10 (example) • If stock moves ₹10 up from ₹500 → Green brick at ₹510 • If it falls ₹10 → Red brick at ₹490 • If it stays within range → No new brick forms!

  3. Why Traders Love Renko Read blog - https://navia.co.in/blog/renko-charts-redefined-a-family-bonding/ Trend Detection Made Easy • Direction and color of bricks = Momentum • Clear entry/exit cues • Great for swing trading Noise Elimination • Filters minor fluctuations • No clutter like candlestick wicks Use it Anywhere • Stocks, currencies, commodities – Renko works across markets

  4. How to Set the Right Brick Size Read blog - https://navia.co.in/blog/renko-charts-redefined-a-family-bonding/ • Brick Size Matters! • Small bricks = more sensitivity, more noise • Large bricks = less noise, might miss early moves Tip: • Balance brick size based on the stock's volatility & your trading style Trade Signals to Watch For: • Consistent bricks in one direction after consolidation • Bullish reversal: Red bricks → Green bricks • Confirm with moving averages or momentum indicators

  5. Spotting Patterns in Renko Charts Read blog - https://navia.co.in/blog/renko-charts-redefined-a-family-bonding/ Yes, Renko has patterns too: • Rectangles, wedges, triangles • Triple tops & bottoms • Continuation or reversal signals Advantage: • Easier to recognize clean patterns without the distractions of traditional charts Priya’s Takeaway: • “Renko simplifies my trading. No more guessing in the noise—just clean, strategic insights.”

  6. Disclaimer Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are for illustrative purposes and are not intended as recommendations. Brokerage will not exceed the SEBI prescribed limit. Navia Markets Ltd ,SEBI Registration No.INZ000095034-NSE Member code for CM, FAO & CD: 07708 - BSE Clearing No. for CM, FAO & CD: 6341-MCX Member ID: 45345 NSDL DP ID: IN300378-CDSL DP ID: 12086500-SEBI Registration No. for DP: IN-DP-311-2017-GST Registration number :33AAACM4739R2ZZ-Registered office: Ganga Griha, 4th & 5th Floor, No.9, Nungambakkam High Road, Chennai - 600 034 Email ID: ig@navia.co.in - Contact No: +91 70100 75500 https://bit.ly/naviadisclaimer Read blog - https://navia.co.in/blog/renko-charts-redefined-a-family-bonding/

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