Tata Investment, STL Networks among 9 stocks flashing White Marubozu breakouts
By Ritesh Presswala, ETMarkets.com |
1/10
Signs of Strength
On September 18, nine NSE-listed stocks with a market cap above Rs 1,000 crore appeared on the bullish “White Marubozu” 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 point of the session and the closing price is the highest. Represented by a long white (or green) candlestick with no upper shadow and little or no lower shadow, it signals strong buying pressure throughout the day. Traders often view it as an indication that buyers dominated from open to close, using it as a cue for potential bullish momentum.
A White Marubozu is a bullish candlestick pattern that forms when the opening price is the lowest point of the session and the closing price is the highest. Represented by a long white (or green) candlestick with no upper shadow and little or no lower shadow, it signals strong buying pressure throughout the day. Traders often view it as an indication that buyers dominated from open to close, using it as a cue for potential bullish momentum.
2/10
STL Networks
Close: Rs 30.31 | Change: +19.99%
3/10
Subros
Close: Rs 1,022.15 | Change: +5.66%
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4/10
Marine Electricals (India)
Close: Rs 217.56 | Change: +5.00%
5/10
Zen Technologies
Close: Rs 1,621.30 | Change: +5.00%
6/10
Universal Cables
Close: Rs 794.20 | Change: +7.18%
7/10
Tata Investment Corporation
Close: Rs 7,502.50 | Change: +6.55%
8/10
Themis Medicare
Close: Rs 131.58 | Change: +6.46%
9/10
BLS E-Services
Close: Rs 197.97 | Change: +4.21%
