Union Bank of India among 7 stocks flashing bullish signals, hinting at a possible uptrend
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Bullish Signals
On July 20, seven stocks in the Nifty500 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 to assess the potential continuation of upward momentum.
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 to assess the potential continuation of upward momentum.
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Torrent Pharmaceuticals
Close: Rs 5,005.4 | Change (%) 5.09
3/8
JSW Energy
Close: Rs 567.7 | Change (%) 4.9
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4/8
Schneider Electric Infrastructure
Close: Rs 1,341 | Change (%) 4.89
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Union Bank Of India
Close: Rs 175.93 | Change (%) 4.43
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Emcure Pharmaceuticals
Close: Rs 1,861.2 | Change (%) 4.37
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Navin Fluorine International
Close: Rs 7,861.5 | Change (%) 3.73
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Colgate-Palmolive (India)
Close: Rs 2,113.1 | Change (%) 3.46