IndusInd Bank among 5 stocks flashing bullish signals, hinting at a possible uptrend
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Bullish scanner
On July 06, five 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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Cemindia Projects
Close: Rs 1,521.4 | Change (%) 5
3/6
Hitachi Energy India
Close: Rs 32,360 | Change (%) 4.25
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4/6
City Union Bank
Close: Rs 224.69 | Change (%) 3.66
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IndusInd Bank
Close: Rs 1,009.8 | Change (%) 3.64
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Elgi Equipments
Close: Rs 591.95 | Change (%) 2.32