Hindalco among 7 stocks flashing bullish signals, hinting at a possible uptrend
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Trend Watch
On May 20, seven stocks in the Nifty500 universe appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge 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.
It is represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, indicating strong buying pressure throughout the session. Traders interpret this as a sign that buyers remained in control from the opening to the closing, often using such patterns to assess potential continuation of upward price movements in financial markets.
It is represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, indicating strong buying pressure throughout the session. Traders interpret this as a sign that buyers remained in control from the opening to the closing, often using such patterns to assess potential continuation of upward price movements in financial markets.
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Schneider Electric Infrastructure
Close: Rs 1,300 | Change: 4.44%
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ABB India
Close: Rs 6,605 | Change: 4.36%
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4/8
CG Power and Industrial Solutions
Close: Rs 853.25 | Change: 4.13%
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Hindalco Industries
Close: Rs 1,085.5 | Change: 3.55%
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Apar Industries
Close: Rs 12,676 | Change: 2.83%
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Cummins India
Close: Rs 5,399.5 | Change: 2.77%
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Bharat Petroleum Corporation
Close: Rs 293.75 | Change: 2.55%