Bullish Momentum: 3 stocks formed White Marubozu Pattern on January 3

On January 3, three stocks with a market cap of over Rs 10,000 crore appeared on the bullish scanner for the "White Marubozu" pattern, according to StockEdge.com's technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It 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 opening to closing, often using such patterns to make informed decisions about future price movements in financial markets.

Close: Rs 1982.5 | Change (%): 5.83

Close: Rs 529.55 | Change (%): 3.95

Close: Rs 469.15 | Change (%): 3.68