Renko Daily & 4hr Added an up Brick

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.


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