Eternal among 3 stocks flashing bullish signals, hinting at a possible uptrend

On March 17, three stocks in the Nifty 200 pack appeared on the bullish “White Marubozu” scanner, according to StockEdge.com’s technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis that occurs when the opening price is the lowest, and the closing price is the highest for a given period.

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.

Close: Rs 153.53 | Change: 6.11%

Close: Rs 234.63 | Change: 5.67%

Close: Rs 195.43 | Change: 4.54%