Mahindra & Mahindra and four other Indian-listed shares were identified in a bullish White Marubozu scan after rising more than 5% in the Nov. 11 session, ETMarkets reported, citing StockEdge data. The report listed Ramkrishna Forgings, Navin Fluorine International, Bank of Baroda, Mahindra & Mahindra and The Federal Bank.
Ramkrishna Forgings led the group, closing at ₹764.70, up 7.19%. Navin Fluorine International rose 5.97% to ₹9,659, Bank of Baroda gained 5.77% to ₹275, Mahindra & Mahindra advanced 5.30% to ₹3,465, and The Federal Bank climbed 5.09% to ₹361.60.
The pattern’s exact definition calls for a session low at the open and a session high at the close. The reported price histories show small gaps between those levels for these stocks: Mahindra & Mahindra closed at its high but opened ₹0.10 above its low, while the other four opened above their lows and closed below their highs. StockEdge’s tolerance for those differences is not stated in the sources.
StockEdge describes its scans as algorithmic screens using third-party data and advises users to verify the results. Its accessible scan page did not show a dated Nov. 11 roster.
