Premier Energies, M&M among 8 stocks with White Marubozu Pattern

On September 1, in the Nifty200 pack, eight stocks appeared on the bullish scanner for the "White Marubozu" candlestick pattern, according to technical scan data from StockEdge.com. A White Marubozu is a bullish candlestick pattern in technical analysis. It forms when the opening price is the lowest and the closing price is the highest for a given period. This pattern is represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, indicating strong buying pressure throughout the session. Traders interpret it as a sign that buyers were in control from open to close, often using it to inform decisions about potential future price movements.

Stocks that formed a White Marubozu pattern on September 1:

Close: Rs 3,140.90 | Change: +6.05%

Close: Rs 17,582.00 | Change: +5.34%

Close: Rs 2,921.50 | Change: +4.79%

Close: Rs 895.40 | Change: +4.44%

Close: Rs 315.70 | Change: +4.33%

Close: Rs 1,036.35 | Change: +4.25%

Close: Rs 412.25 | Change: +4.04%

Close: Rs 3,315.40 | Change: +3.62%