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Bullish Marubozu Screener, Tick - Daily (EOD)



About Scanner :- Bullish Marubozu Candlestick Scanner

What is Bullish Marubozu Candlestick ?

Bullish Marubozu is a long, green candle with no upper or lower wick, with the open price at the low end & the close price at the high end.
The Bullish Marubozu is a highly reliable and distinctive candlestick pattern that signals a potential trend reversal or continuation.

Key Points for a Bullish Marubozu:
  • Long Green Candle: Indicates strong buying pressure
  • No Upper or Lower Wick: Shows that throughout the trading period price never moved below open price and closes at high price. Signalling bullish sentiments throughout the trading period.
  • Open Price at Low End: Price opened at the low end of the candle
  • Close Price at High End: Price closed at the high end of the candle
Bullish Marubozu Trading Strategy:
  • When formed in uptrend look for accumulation - Higher volume or breakout should give you more confidence.
  • When formed in downtrend, signals reversal.If at a good support level then increase the probability of good reversal and traders can expect good returns.
  • In general add other technical / support resistance to validate.
Warning
    Small Marubozu in the sideways market.
Target
    Short term - At least height of the candle.
    Long term - Look at other aspects like volume spurt , recent support / Resistance levels and other technicals.
Stop Loss
    Set stop-loss below the low of the candle
TSR Bullish Marubozu Scanner
  • Set Alert as it happens
  • Combine Marubozu pattern with other Technicals/patterns with Fine Tune Filter Option
  • Filter on Stock basket or your watchlist
  • Back test to gain confidence on the Pattern.
  • Filter on small ticks like 5 mins to Monthly tick
  • Auto refresh

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Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option

Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.
Bullish Marubozu
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