Reliance Industries among 9 stocks flashing bullish signals
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Bullish Signal
On April 27, nine stocks in the Nifty 200 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 non-existent 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 non-existent 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.
2/10
IndusInd Bank
Close: Rs 900.15 | Change (%): 6.16
3/10
Blue Star
Close: Rs 1,916.30 | Change (%): 5.38
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4/10
JSW Energy
Close: Rs 573.80 | Change (%): 5.29
5/10
IDFC First Bank
Close: Rs 70.27 | Change (%): 4.52
6/10
Coforge
Close: Rs 1,202.40 | Change (%): 4.47
7/10
Tata Power Company
Close: Rs 453.20 | Change (%): 4.18
8/10
Mphasis
Close: Rs 2,264.90 | Change (%): 4.10
9/10
Tata Communications
Close: Rs 1,574.70 | Change (%): 3.56
10/10
Reliance Industries
Close: Rs 1,365.80 | Change (%): 2.86
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