Tata Technologies among 5 stocks flashing bullish signals. Upside on cards?
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Trend Watch
On August 7, five Nifty500 stocks that gained more than 4% featured on StockEdge’s ‘White Marubozu’ bullish scanner, according to its technical scan data.
A White Marubozu is a bullish candlestick pattern in technical analysis, formed when a stock opens at or near its low and closes at or near its high. The pattern appears as a long white or green candle with little to no upper or lower shadow, signalling strong buying pressure throughout the session.
Traders often view the pattern as an indication that buyers remained firmly in control from the opening to the close, potentially signalling further strength.
A White Marubozu is a bullish candlestick pattern in technical analysis, formed when a stock opens at or near its low and closes at or near its high. The pattern appears as a long white or green candle with little to no upper or lower shadow, signalling strong buying pressure throughout the session.
Traders often view the pattern as an indication that buyers remained firmly in control from the opening to the close, potentially signalling further strength.
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Tata Technologies
Close: Rs 872.8 | Change: 8.89%
3/6
Samvardhana Motherson International
Close: Rs 168.5 | Change: 8.71%
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4/6
Techno Electric & Engineering Company
Close: Rs 1,066.25 | Change: 7.46%
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Mahindra & Mahindra Financial Services
Close: Rs 408.45 | Change: 5.05%
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Aurobindo Pharma
Close: Rs 1,658 | Change: 4.35%