Bullish Momentum: 4 stocks with White Marubozu Pattern on April 16

On April 16, four stocks from the Nifty200 pack appeared on the bullish scanner for the "White Marubozu" candlestick pattern, according to technical scan data from StockEdge.com. A White Marubozu is a bullish candlestick pattern in technical analysis that forms when the opening price is the lowest and the closing price is the highest for a given period.

Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it signals strong buying pressure throughout the session. Traders interpret it as a sign that buyers were in control from open to close and often use this pattern to guide future trading decisions. Stocks showing White Marubozu pattern on April 16: Close: Rs 568.



15 | Change: +4.97% Close: Rs 127.26 | Change: +3.

97%e Close: Rs 2,520 | Change: +3.87% Close: Rs 241.22 | Change: +3.

67%.