Biocon earnings are on tomorrow. Renko Daily & 4hr Added an up Brick (green). this could indicate that the big players are set to send the price up.
Renko going up on before news (earnings) and an event (expiry) despite the sight increase in ATR 14 is often an indication that the big guys know something positive about Biocon.
Observe but trade only if convinced. Set a tight SL if you go for it at opening.
Trade closed: target reached
Bought yesterday 654 (futures price) closed @664. 10 points profit. Nice way to start the morning. This Renko analysis is quite reliable.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.