Rain Industries among 5 stocks flash bullish signals, indicating possible uptrend

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.

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