Emcure Pharma, Info Edge among 4 stocks that formed White Marubozu Pattern on July 22
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Bullish Trends
On July 22, four stocks from the Nifty500 pack appeared on the bullish "White Marubozu" scanner, according to technical scan data from StockEdge.com.
A White Marubozu is a bullish candlestick pattern that forms when the opening price is the lowest and the closing price is the highest for a given period. It is represented by a long white (or green) candlestick with no upper shadow and little to no lower shadow—indicating strong buying pressure throughout the session.
Traders view this pattern as a sign that buyers were in control from open to close and often use it to make informed decisions about potential price movements.
Stocks on the White Marubozu radar:
A White Marubozu is a bullish candlestick pattern that forms when the opening price is the lowest and the closing price is the highest for a given period. It is represented by a long white (or green) candlestick with no upper shadow and little to no lower shadow—indicating strong buying pressure throughout the session.
Traders view this pattern as a sign that buyers were in control from open to close and often use it to make informed decisions about potential price movements.
Stocks on the White Marubozu radar:
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Emcure Pharmaceuticals | Close: Rs 1,425.70 | Change: +4.99%
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Hitachi Energy India | Close: Rs 20,115.00 | Change: +4.44%
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Info Edge (India) | Close: Rs 1,458.80 | Change: +4.21%
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The Ramco Cements | Close: Rs 1,190.00 | Change: +3.51%