These 5 stocks with White Marubozu Pattern on August 1
By Ritesh Presswala, ETMarkets.com |
1/6
On Radar
On August 1, in the NSE list of stocks with a market cap over Rs 1000 crore, five stocks came to the bullish scanner of "White Marubozu", according to stockedge.com's technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It 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.
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.
2/6
Supreme Petrochem
Close: Rs 830| Change (%) 5.57
3/6
SML Isuzu
Close: Rs 3471.3| Change (%) 5
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4/6
Zen Technologies
Close: Rs 1533.2| Change (%) 4.72
5/6
Emami
Close: Rs 619.3| Change (%) 3.1
