Action Construction Equipment among 4 stocks flashing bullish signals, indicating possible uptrend

On August 18, four Nifty500 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.

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 for informed decisions about future price movements in financial markets.

Close: Rs 1184.8 | Change (%) 6.38

Close: Rs 1367.7 | Change (%) 6.25

Close: Rs 3391.4 | Change (%) 6.04

Close: Rs 1274.4 | Change (%) 5.13