Supreme Industries among 5 stocks showing White Marubozu pattern
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Trend watch
On September 18, five Nifty200 stocks that gained over 5% 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.
The pattern is represented by a long white (or green) candlestick with no upper shadow and little or no lower shadow. It reflects strong upward price movement during the session, with the price moving from the opening level towards the session high by the close. The pattern is commonly studied in technical analysis as an indicator of price momentum.
The pattern is represented by a long white (or green) candlestick with no upper shadow and little or no lower shadow. It reflects strong upward price movement during the session, with the price moving from the opening level towards the session high by the close. The pattern is commonly studied in technical analysis as an indicator of price momentum.
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Supreme Industries
Close: Rs 3,580.3 | Change (%): 7.05
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Rail Vikas Nigam
Close: Rs 214.29 | Change (%): 6.24
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APL Apollo Tubes
Close: Rs 2,270.1 | Change (%): 5.66
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Aditya Birla Capital
Close: Rs 410.05 | Change (%): 5.14
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Adani Ports and Special Economic Zone
Close: Rs 1,824 | Change (%): 4.93