On April 11, eight shares within the Nifty500 pack got here to the bullish scanner of “White Marubozu”, based on 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 best.
Represented by an extended white (or inexperienced) candlestick with no higher shadow and a small or nonexistent decrease shadow, it signifies robust shopping for strain all through the session. Merchants interpret it as a sign that consumers have been in management from the opening to the closing, usually utilizing such patterns for knowledgeable selections about future value actions in monetary markets.
