On June 3, six stocks in the Nifty500 appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge’s technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis that occurs when the opening price is the lowest for a given period and the closing price is the highest.
Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session. Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.
Close: Rs 377.45 | Change (%) 9.52
Close: Rs 2155.9 | Change (%) 6.53
Close: Rs 327.7 | Change (%) 5.45
Close: Rs 199.41 | Change (%) 4.99
Close: Rs 148.65 | Change (%) 4.74
Close: Rs 572.2 | Change (%) 4.68
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