Published On Jul 29, 2024
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In this video, Mukta Dhamankar explains all the basics of Renko charts. She covers various topics such as how to trade Renko charts, the construction of Renko charts, the formation of bricks, Dow theory & trend identification, the principle of polarity, and more, all with examples and detailed explanations.
About 15 years ago, Mukta ventured into trading, eventually making it her full-time profession. Her trading focus centers primarily on the cash (equity) and derivatives segments, employing noiseless charts and candlesticks in conjunction with the RSI indicator.
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Timestamp:
00:00 Preview
00:20 Introduction
01:20 How to trade Renko charts?
01:54 Construction of Renko charts
10:41 Dow theory and trend identification
14:19 How Renko chart is time independent?
15:42 Principle of Polarity with examples
18:44 Conclusion
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