On December 2, in the NSE list of stocks with a market cap of over Rs 10,000 crore, five stocks appeared on the bullish scanner for the White Marubozu pattern, 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.
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 often interpret it as an indication that buyers were in control from open to close and use such patterns to inform future price decisions.