SKF India among 5 stocks flashing bullish signals, indicating possible uptrend

On August 19, five stocks with a market cap over Rs 10,000 crore and gains of more than 4% 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.

Close: Rs 2800.4 | Change (%) 4.98

Close: Rs 3823.3 | Change (%) 4.92

Close: Rs 1156.4 | Change (%) 4.74

Close: Rs 324.05 | Change (%) 4.28

Close: Rs 2898.8 | Change (%) 4.09