Netweb Technologies among 3 stocks showing White Marubozu Pattern
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓On October 5, Netweb Technologies was among three Nifty500 stocks that showed a White Marubozu pattern.
- ✓These shares gained over 5% during the session.
- ✓This bullish candlestick pattern appeared on the StockEdge scanner, showing strong upward price movement.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
On October 5, three stocks in the Nifty500 that gained over 5% 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 commonly studied in technical analysis as an indicator of price momentum.
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The Economic Times
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