NHPC among 5 stocks flashing bullish signals, hinting at a possible uptrend
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On June 29, five stocks in the Nifty500 appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge’s technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis that 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 it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets. Close: Rs 93.85 | Change (%) 5.79 Close: Rs 1153.8 | Change (%) 4.68 Close: Rs 1191.9 | Change (%) 4.25 Close: Rs 794.8 | Change (%) 4 Close: Rs 81.57 | Change (%) 2.73(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) Log In/Connect with: Will be displayed Will not be displayed
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