Bullish Momentum: 7 stocks that formed White Marubozu Pattern on December 11
On December 11, seven stocks from the Nifty500 pack were identified by the "White Marubozu" bullish scanner, according to StockEdge.com's technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It 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 this pattern as a signal that buyers were in control from the opening to the closing, often using it to make informed decisions about future price movements in financial markets.
Close: Rs 1,398.30 | Change: +8.48%
Close: Rs 660.60 | Change: +5.59%
Close: Rs 791.20 | Change: +5.34%
Close: Rs 1,651.30 | Change: +5.07%
Close: Rs 855.50 | Change: +4.44%
Close: Rs 386.85 | Change: +4.20%
Close: Rs 1,929.45 | Change: +2.74%
