On August 25, six stocks with a market cap of over Rs 1,000 crore appeared on the NSE’s bullish “White Marubozu” scanner, according to StockEdge’s technical scan data.
A White Marubozu is a bullish candlestick pattern that forms when the opening price is the lowest and the closing price is the highest for a given period. Represented by a long white (or green) candlestick with no upper shadow and little to no lower shadow, it signals strong buying pressure throughout the session, indicating that buyers were in control from start to finish. Traders often view this as a potential indicator of further upside.