On October 10, six stocks from the Nifty500 pack appeared on the bullish “White Marubozu” scanner, according to technical data from stockedge.com.
A White Marubozu is a bullish candlestick pattern in technical analysis. It 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) candle with no upper shadow and a small or nonexistent lower shadow, it signals strong buying pressure throughout the session.
Traders view this pattern as an indication that buyers dominated from open to close, often using it to gauge potential upward momentum in the near term.
Stocks forming the White Marubozu pattern: