One of the oldest and most popular Japanese charting methods, Renko can be used to profitably trade all types of financial markets and instruments — and over any time frame.

Renko charts offer traders many unique and unmatched advantages over other charting methods:

• Renko charts are simple to use

• Trends are easier to identify in Renko charts since the price is always either clearly bullish or bearish

• Due to their uncluttered appearance, significant tradeable patterns are much easier to spot in Renko charts

• Being objective in nature, entry and exit signals are clearly defined in Renko charts, making it easier to trade profitably

• By eliminating insignificant price action, Renko charts help traders control overtrading — one of the biggest sources of trading losses.

This comprehensive book provides step-by-step guidance, from the basics of Renko charts to advanced methods of analysis and trading, keeping in mind Indian market characteristics:

• What a Renko chart is — and how to plot it

• How to use the traditional tools of technical analysis on Renko charts

• Thorough description and analysis of major price patterns in Renko, along with examples and trading rules for each

• How to use the unique features of Renko charts to identify strong sectors and strong stocks to trade

• How to profit from the unique Renko chart indicators

• How to effectively use Renko charts across multiple time frames

• Tested and effective trading strategies for all kinds of markets, with rule-based entry and exit criteria

• PLUS: 250+ charts and examples from Indian markets.

Prashant Shah is one of India’s leading practitioners of one dimensional charts. He has worked for a number of years with various financial firms, using technical analysis and noiseless charts in particular. His first book on point and figure charts was a huge success. He appears on business channels and writes regular blogs and columns. He also conducts live market trading sessions on rule-based trading systems. His mission is to help others become objective, noiseless and process oriented traders. Prashant is the architect of a market analysis software called TradePoint, which is being used and appreciated by professional traders and market analysts due to its advanced and unlimited capabilities.

Prashant is a founder member and CEO of Definedge Solutions (www.definedge.com), a company which develops high quality financial products and research services. Prashant has won a number of coveted and renowned professional designations in the financial industry. He has been awarded Chartered Market Technician (CMT®) and a Certified Financial Technician (CFTe) by CMT Association and International Federation of Technical Analysts (IFTA), respectively. He is also a holder of the right to Master of Financial Technical Analysis® certification designation by IFTA for the original research conducted by him on line break swing trading techniques.