Nuvoco Vistas among 4 stocks showing White Marubozu pattern
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Bullish Pattern
On September 4, four stocks in the Nifty500 appeared on StockEdge’s ‘White Marubozu’ bullish scanner, according to its technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis that occurs when the opening price is the lowest point of the session and the closing price is the highest.
The pattern is represented by a long white (or green) candlestick with no upper shadow and little to no lower shadow. It reflects strong upward price movement during the session, with the price moving from the opening level to the session high by the close. The pattern is commonly studied in technical analysis as an indicator of strong price momentum.
The pattern is represented by a long white (or green) candlestick with no upper shadow and little to no lower shadow. It reflects strong upward price movement during the session, with the price moving from the opening level to the session high by the close. The pattern is commonly studied in technical analysis as an indicator of strong price momentum.
2/5
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