On January 6, five stocks from the NSE universe with a market capitalisation exceeding Rs 1,000 crore appeared on the bullish “White Marubozu” scanner, according to StockEdge.com’s technical scan data. A White Marubozu is a bullish candlestick pattern formed when the opening price is the session’s low and the closing price is the high.Depicted by a long white or green candlestick with no upper shadow and a small or non-existent lower shadow, the pattern indicates sustained buying pressure throughout the session. Traders view it as a sign of strong buyer control and often use it to assess potential future price direction.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20