Bullish Momentum: 3 stocks with White Marubozu Pattern on November 4
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Headed Higher
On November 04, three stocks with market cap of over Rs 1000 crore came to the bullish scanner of "White Marubozu", according to stockedge.com's technical scan data.
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What is a White Marubozu pattern?
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 the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.
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.
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Wockhardt
Close: Rs 1309.95| Change (%) 4.78
Amazon Top Deals
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Galaxy Surfactants
Close: Rs 1687.3| Change (%) 1.89
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Raymond
Close: Rs 1687.3| Change (%) 1.89