Eternal among 4 stocks flashing bullish signals, hinting at a possible uptrend
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Bullish Signals
On July 27, four stocks in the Nifty500 appeared on the 'White Marubozu' bullish scanner, according to StockEdge's technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis that 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 indicates strong buying pressure throughout the session. Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns to assess the potential continuation of upward price momentum.
Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session. Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns to assess the potential continuation of upward price momentum.
2/5
Redington
Close: Rs 278.15 | Change (%): 7.37
3/5
TBO Tek
Close: Rs 1,519.2 | Change (%): 6.31
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4/5
Piramal Pharma
Close: Rs 192.05 | Change (%): 5.95
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Eternal
Close: Rs 295.85 | Change (%): 5.66