Indegene among 6 stocks flashing bullish signals, hinting at a possible uptrend
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Bullish signal
On August 31, six 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 for informed decisions about future price movements in financial markets.
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.
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Indegene
Close: Rs 611.65 | Change (%): 5.65
3/7
Vijaya Diagnostic Centre
Close: Rs 1,518.40 | Change (%): 4.54
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4/7
The Indian Hotels Company
Close: Rs 737.90 | Change (%): 4.46
5/7
Aurobindo Pharma
Close: Rs 1,717 | Change (%): 4.36
6/7
FSN E-Commerce Ventures
Close: Rs 349.55 | Change (%): 4.14
7/7
One97 Communications
Close: Rs 1,717.10 | Change (%): 4.01