Polycab India among 3 stocks flashing bullish signals, hinting at a possible uptrend

On May 7, three stocks from the Nifty 200 segment appeared on the White Marubozu bullish scanner, according to StockEdge’s technical scan data. A White Marubozu is a bullish candlestick pattern that forms when the opening price is the lowest, and the closing price is the highest for the session.

It is represented by a long bullish candlestick with little to no shadows, indicating strong buying pressure throughout the session. Traders interpret it as a sign that buyers dominated from open to close, often using it to identify potential continuation of upward price trends.

Close: Rs 9,003 | Change (%): 6.98

Close: Rs 406.45 | Change (%): 5.31

Close: Rs 1,466.9 | Change (%): 4.67