HPCL, BPCL among 5 stocks showing Bullish Candlestick Pattern
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Bullish Signals
On September 29, five 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 of the session and the closing price is the highest. Represented by a long white (or green) candle with no upper shadow and little to no lower shadow, it signals strong buying momentum throughout the trading day. Traders often view this as a sign that buyers were firmly in control, using the pattern as a potential indicator of bullish sentiment.
A White Marubozu is a bullish candlestick pattern that forms when the opening price is the lowest of the session and the closing price is the highest. Represented by a long white (or green) candle with no upper shadow and little to no lower shadow, it signals strong buying momentum throughout the trading day. Traders often view this as a sign that buyers were firmly in control, using the pattern as a potential indicator of bullish sentiment.
2/6
IIFL Finance
Close: Rs 438.8 | Change: +4.64%
3/6
Bandhan Bank
Close: Rs 162.18 | Change: +4.62%
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4/6
Hindustan Petroleum Corp. (HPCL)
Close: Rs 441.75 | Change: +4.62%
5/6
Petronet LNG
Close: Rs 278.55 | Change: +4.36%
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Bharat Petroleum Corp. (BPCL)
Close: Rs 338.1 | Change: +4.24%