Cipla among 6 stocks flashing bullish signals, hinting at a possible uptrend
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Trend watch
Six stocks from the Nifty500 appeared on the ‘White Marubozu’ bullish scanner on April 23, 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 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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Cipla
Close: Rs 1,305.9 | Change (%): 5.63
3/7
Torrent Power
Close: Rs 1,737 | Change (%): 4.8
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4/7
Hitachi Energy India
Close: Rs 31,720 | Change (%): 4.57
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JM Financial
Close: Rs 139.1 | Change (%): 3.94
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Eris Lifesciences
Close: Rs 1,395.7 | Change (%): 3.17
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Bharat Dynamics
Close: Rs 1,423.3 | Change (%): 3.12