On October 29, within the Nifty500 pack, six shares got here to the bullish scanner of “White Marubozu”, in accordance with stockedge.com’s technical scan information. A White Marubozu is a bullish candlestick sample in technical evaluation. It happens when the opening worth is the bottom for a given interval, and the closing worth is the very best.
Represented by an extended white (or inexperienced) candlestick with no higher shadow and a small or nonexistent decrease shadow, it signifies sturdy shopping for stress all through the session. Merchants interpret it as a sign that consumers had been in management from the opening to the closing, usually utilizing such patterns for knowledgeable selections about future worth actions in monetary markets.”
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