On January 12, four stocks from the NSE universe with a market capitalisation exceeding Rs 10,000 crore appeared on the bullish “White Marubozu” scanner, based on data from StockEdge.com. A White Marubozu is a bullish candlestick pattern formed when the opening price is the session low, and the closing price is the high.
Depicted by a long white or green candlestick with no upper shadow and a small or non-existent lower shadow, the pattern reflects sustained buying pressure throughout the session. Traders often interpret it as a sign of strong buyer control and use it to assess potential future price direction.