Adani Power among 4 stocks flashing bullish signals, hinting at a possible uptrend

On May 26, four Nifty200 stocks 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 366.25 | Change (%): 5.78

Close: Rs 244.53 | Change (%): 4.78

Close: Rs 980.7 | Change (%): 4.5

Close: Rs 2,969.3 | Change (%): 4.2