On July 1, four stocks in the Nifty500 pack appeared on the bullish scanner for the “White Marubozu” pattern, according to technical scan data from StockEdge.com. A White Marubozu is a bullish candlestick pattern in technical analysis. It forms 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 open to close and often use such patterns to inform decisions about future price movements in financial markets.
Stocks forming White Marubozu on July 1:
