Bullish Momentum: 5 stocks that formed White Marubozu Pattern on Nov 22
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Bullish Trends
On November 22, five stocks from the Nifty50 pack 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 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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State Bank Of India
Close: Rs 816.05 | Change (%): 4.52
3/6
Tata Consultancy Services
Close: Rs 4244.6 | Change (%): 4.22
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