On May 6, six stocks from the Nifty500 segment appeared in the bullish “White Marubozu” scan, based on data from StockEdge.com. A White Marubozu is a bullish candlestick pattern where the opening price is the lowest and the closing price is the highest for the session.
Represented by a long bullish candle with little to no shadows, it reflects strong buying pressure throughout the session. Traders interpret it as a sign of sustained demand and often use it to gauge trend strength and potential continuation in price momentum.
