Nalco among 5 stocks flashing bullish signals, hinting at a possible uptrend
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Bullish Momentum Builds
On August 12, nine 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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National Aluminium Company (Nalco)
Close: Rs 420 | Change (%) 8.25
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Supreme Petrochem
Close: Rs 725.65 | Change (%) 5.9
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4/6
Force Motors
Close: Rs 19269 | Change (%) 5.12
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Punjab National Bank
Close: Rs 118.98 | Change (%) 4.34
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Bharat Heavy Electricals
Close: Rs 420 | Change (%) 4.22