Four NSE stocks show strong buying momentum trend

On March 18, four large-cap stocks on the NSE showed a bullish signal known as the "White Marubozu." This pattern appears when a stock's opening price is the lowest and its closing price is the highest for that period. A White Marubozu is depicted by a long white or green candlestick. There is no upper shadow and either a small or non-existent lower shadow. This pattern shows strong buying pressure throughout the trading session. Traders see this pattern as a sign that buyers were dominant from the start to the end of the trading day. Many use it to help make predictions about future price movements in the market. The stocks that showed this bullish pattern had varied closing prices. They finished at Rs 218.19, Rs 532.5, Rs 5410.9, and Rs 1518.1. Changes in their prices were 7.12%, 4.98%, 4.3%, and 3.83% respectively.