Bullish Marubozu Screener, Tick - Daily (EOD)
Code | Current Price | Previous Price | In Uptrend | In Downtrend | Volume Jump | Volume Fall | Volume | Chart | |||
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No Candlestick pattern Bullish Marubozu formed |
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
- 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.
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Small Marubozu in the sideways market.
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Short term - At least height of the candle.
Long term - Look at other aspects like volume spurt , recent support / Resistance levels and other technicals.
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Set stop-loss below the low of the candle
- 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.