On October 30, within the Nifty500 pack, four stocks appeared on the bullish White Marubozu scanner, according to technical scan data from StockEdge.com.
A White Marubozu is a bullish candlestick pattern in technical analysis. It forms when the opening price is the lowest point of the 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 signals strong buying pressure throughout the session. Traders interpret it as an indication that buyers remained in control from open to close, often using such patterns to make informed decisions about potential future price movements.