HUL among 5 stocks flashing bullish signals, hinting at a possible uptrend
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Trend watch
On April 17, five stocks in the NSE large-cap pack appeared in the ‘White Marubozu’ bullish scan, based on StockEdge 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 little to no lower shadow, it indicates strong buying pressure throughout the session. Traders interpret it as a signal that buyers were in control from open to close, often using such patterns to assess potential upward price movement.
Represented by a long white (or green) candlestick with no upper shadow and little to no lower shadow, it indicates strong buying pressure throughout the session. Traders interpret it as a signal that buyers were in control from open to close, often using such patterns to assess potential upward price movement.
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HDFC Asset Management Company
Close: Rs 2792.4 | Change (%): 4.89
3/6
Hindustan Unilever
Close: Rs 2240.8 | Change (%): 4.75
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4/6
Pidilite Industries
Close: Rs 1393.4 | Change (%): 4.69
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Avenue Supermarts
Close: Rs 4628.5 | Change (%): 4.52
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Varun Beverages
Close: Rs 473.9 | Change (%): 2.93