Three Nifty500 stocks show strong bullish momentum

On March 20, three stocks from the Nifty500 index showed a bullish signal known as a "White Marubozu." This pattern is a strong indicator in technical analysis. A White Marubozu candlestick happens when the stock opens at its lowest price for the period and closes at its highest. This pattern looks like a long white or green candle with no upper shadow. It shows that buyers were active throughout the trading session. Traders view this pattern as a sign that buyers dominated the market. They often use it to make informed predictions about future price movements. The three highlighted stocks had the following closing prices: one at Rs 1194.3, which rose by 5.13%, another at Rs 962.1, up by 4.75%, and the last at Rs 1624, gaining 4.39%.