On July 17, within the NSE record of shares with a market cap of Rs 1,000 crore, six shares got here to the bullish scanner of “White Marubozu”, in response to stockedge.com’s technical scan information. 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 very best.
Represented by a protracted 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 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.
