On July 8, within the NSE record of shares with a market cap over Rs 1000 crore, 10 shares got here to the bullish scanner of “White Marubozu”, based on stockedge.com’s technical scan knowledge. A White Marubozu is a bullish candlestick sample in technical evaluation. It happens when the opening value is the bottom for a given interval, and the closing value is the best.
Represented by a protracted white (or inexperienced) candlestick with no higher shadow and a small or nonexistent decrease shadow, it signifies robust shopping for stress all through the session. Merchants interpret it as a sign that patrons have been in management from the opening to the closing, usually utilizing such patterns for knowledgeable selections about future value actions in monetary markets.
