Delhivery, Eternal among 6 stocks flashing bullish signals, hinting at a possible uptrend
By Ritesh Presswala, ETMarkets.com |
1/7
Bullish scanner
On July 01, six Nifty500 stocks that gained over 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 open to close, 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 open to close, often using such patterns to assess the potential continuation of upward momentum.
2/7
Delhivery
Close: Rs 507.7 | Change (%) 7.55
3/7
TBO Tek
Close: Rs 1512 | Change (%) 5.76
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Eternal
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