On October 27, in the Nifty 500 pack, ten stocks appeared in the bullish “White Marubozu” scanner, according to technical scan data from StockEdge.com. Of these, we highlight the top five stocks that gained over 4.5%.
A White Marubozu is a bullish candlestick pattern in technical analysis. It forms when the opening price is the lowest for a given 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 interpret it as a sign that buyers dominated from open to close, often using such patterns to make informed decisions about potential future price movements.