On November 3, in the Nifty500 pack, six stocks that gained over 5% 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 occurs 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 an indication that buyers were in control from the opening to the close, often using such patterns to make informed decisions about future price movements.