HFCL among 3 stocks flashing bullish signals, hinting at a possible uptrend
By Ritesh Presswala, ETMarkets.com |
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Bullish Signals
On July 3, three stocks in the Nifty500 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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Aegis Vopak Terminals
Close: Rs 257.43 | Change (%) 9.67
3/4
Lodha Developers
Close: Rs 1,057 | Change (%) 5.05
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