Sonata Software among 4 stocks flashing bullish signals, hinting at a possible uptrend

On June 16, four Nifty500 stocks that gained over 6% 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 311.25 | Change (%): 19.55

Close: Rs 527.45 | Change (%): 7.03

Close: Rs 1,315.7 | Change (%): 6.1

Close: Rs 4,884.4 | Change (%): 5.9