CDSL among 5 stocks flashing bullish signals, hinting at a possible uptrend
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Bullish scanner
On July 10, five Nifty500 stocks that gained more than 5% 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 to assess the potential continuation of upward momentum.
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 to assess the potential continuation of upward momentum.
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Indian Bank
Close: Rs 870.7 | Change (%) 9.78
3/6
Mangalore Refinery And Petrochemicals
Close: Rs 162.49 | Change (%) 8.56
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4/6
Firstsource Solutions
Close: Rs 259.71 | Change (%) 6.9
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Central Depository Services (India)
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6/6
Chennai Petroleum Corporation
Close: Rs 1180.7 | Change (%) 5.26