📱 Syrma SGS Technology Among 4 Stocks Showing White
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
On September 7, four 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.The pattern is represented by a long white (or green) candlestick with no upper shadow and little or no lower shadow. It reflects strong upward price movement during the session, with the price moving from the opening level toward the session high by the close. The pattern is common
Key points
- On September 7, four 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.
- The pattern is represented by a long white (or green) candlestick with no upper shadow and little or no lower shadow.
- It reflects strong upward price movement during the session, with the price moving from the opening level toward the session high by the close.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
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