On September 16, eight Nifty500 stocks triggered the bullish “White Marubozu” scanner, according to stockedge.com’s technical scan data.
A White Marubozu is a bullish candlestick pattern in technical analysis. It forms when the opening price is the lowest and the closing price is the highest for the given period.
Depicted by a long white (or green) candlestick with no upper shadow and a small or absent lower shadow, it reflects strong buying pressure throughout the session. Traders view it as a signal that buyers dominated from open to close, often using the pattern to guide future trading decisions.