On October 28, within the Nifty500 pack, six stocks appeared on the bullish “White Marubozu” scanner, according to technical scan data from StockEdge.com.
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 a given period.
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 this pattern as an indication that buyers were in control from open to close, often using it to anticipate potential upward momentum in prices.