important of renko chart pattern

Important of renko chart pattern

Renko chart pattern ek unique type ka price chart hai, jismein price movement ko brick-like (bricks jaise) blocks mein represent kiya jata hai. Is chart pattern mein time factor ignore kiya jata hai aur sirf price movement ko focus kiya jata hai. Wazahat: 1. Renko chart pattern mein har ek brick ka size fixed hota hai. Price movement ki direction par depend karke bricks banaye jate hain. 2. Agar price movement brick ki size se equal ya usse jyada hai, tab naya brick banaya jata hai. Agar price movement brick ki size se kam hai, tab koi naya brick nahi banaya jata hai. 3. Renko chart pattern mein bullish trend ko white bricks se represent kiya jata hai aur bearish trend ko black bricks se represent kiya jata hai. 4. Renko chart pattern mein bricks vertically (upar ya neeche) move karte hain, lekin horizontally (left ya right) move nahi karte hain. 5. Renko chart pattern mein trend reversal aur trend continuation ko identify karne ke liye brick ki formation aur size ko observe kiya jata hai. Fayde: 1. Renko chart pattern mein price movement ka clear representation hota hai, jisse trend direction aur trend reversal easily samajh mein aata hai. 2. Renko chart pattern mein noise aur market fluctuations kam ho jaate hain, jisse traders ko clean signals aur patterns milte hain. 3. Renko chart pattern mein traders entry aur exit points ko set kar sakte hain, jisse unko risk management aur profit potential milta hai. Nuksan: 1. Renko chart pattern time factor ignore karta hai, isliye traders ko time-based analysis aur indicators ki importance samajhna zaruri hai. 2. Renko chart pattern keval price movement ko focus karta hai, isliye fundamental analysis aur news events ko ignore kar deta hai. Isliye, traders ko overall market sentiment aur news events ko bhi consider karna zaruri hai. 3. Renko chart pattern ko interpret karna traders ke liye zaruri hai. Isliye, is pattern ki study aur practice zaruri hai. Renko chart pattern ek unique approach hai price movement ka represent karne ke liye. Lekin isko samajhna aur istemal karna traders ke liye zaruri hai. Professional advice aur market research ke saath Renko chart pattern ka istemal karna behtar hoga.