Ashok Leyland, Tata Motors among 5 stocks with White Marubozu Pattern
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Bullish Trends
On September 8, five stocks from the Nifty500 pack appeared on the bullish “White Marubozu” scanner, according to technical scan data from stockedge.com.
A White Marubozu is a bullish candlestick pattern in technical analysis. It forms 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, the pattern signals strong buying pressure throughout the session. Traders often interpret it as a sign that buyers dominated from open to close, using it as an input for future trading decisions.
Stocks on the White Marubozu scanner:
A White Marubozu is a bullish candlestick pattern in technical analysis. It forms 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, the pattern signals strong buying pressure throughout the session. Traders often interpret it as a sign that buyers dominated from open to close, using it as an input for future trading decisions.
Stocks on the White Marubozu scanner:
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Ashok Leyland
Close: Rs 137.29 | Change: 4.99%
3/7
Tata Motors
Close: Rs 719.50 | Change: 4.02%
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4/7
Bajaj Auto
Close: Rs 9,433.50 | Change: 3.84%
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Bajaj Auto
Close: Rs 9,433.50 | Change: 3.84%
6/7
Inox India
Close: Rs 1,204.20 | Change: 3.63%
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Eicher Motors
Close: Rs 6,815 | Change: 3.56%