On January 22, three stocks from the Nifty200 pack were flagged by the White Marubozu bullish scanner, according to technical scan data from StockEdge.com. 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 session.
Represented by a long white (or green) candlestick with no upper shadow and a small or negligible lower shadow, the pattern signals strong buying pressure throughout the session. Traders interpret this as buyers being in control from open to close and often use it to gauge potential future price movements.