On December 9, six stocks from the Nifty500 pack appeared on the 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 for the period and the closing price is the highest.
The pattern, represented by a long white (or green) candlestick with no upper shadow and little to no lower shadow, signals strong buying pressure throughout the session. Traders often view it as an indication that buyers were in control from start to finish, using it to make informed decisions about potential future price movements.
Stocks on the White Marubozu scanner: