On January 5, five stocks from the NSE universe with a market capitalisation exceeding Rs 1,000 crore appeared on the bullish “White Marubozu” scanner, according to StockEdge’s technical scan data. A White Marubozu is a bullish candlestick pattern formed when the opening price is the session’s 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 highlights sustained buying pressure throughout the session. Traders often view it as a sign of strong buyer control and use it to assess potential future price direction.