ITC among 4 stocks flashing bullish signals, hinting at a possible uptrend

On April 29, four NSE-listed stocks with market capitalisations above Rs 10,000 crore were identified by 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 little to no lower shadow, it signals strong buying pressure throughout the session. Traders interpret it as an indication that buyers were in control from open to close, often using such patterns to gauge potential future price movements.

Close: Rs 134.64 | Change (%): 4.76

Close: Rs 316.25 | Change (%): 3.88

Close: Rs 115.84 | Change (%): 3.86

Close: Rs 838.45 | Change (%): 3.63