The stock market decline since the beginning of the week has increased investors’ concerns, as losses continue to mount with the ongoing fall in share prices. However, despite the weak market sentiment, analysts have identified bullish technical patterns in several stocks that could offer a glimmer of hope to investors.

According to market analysts, a ‘White Marubozu’ pattern has been spotted in three stocks listed in the Nifty200 index. The Marubozu is considered a bullish candlestick pattern in technical analysis. It forms when a stock opens at its lowest price of the day and closes at its highest price, indicating strong buying interest throughout the trading session.

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This pattern appeared in three stocks during Thursday’s trading session. Analysts suggest that investors may keep a close watch on these stocks during Friday’s market session for potential movement.

Coal India: This stock closed at ₹470 on Thursday, rising 5.23 percent. This stock opened at ₹473 on Friday.

Torrent Power: This stock closed at ₹1,506 on Thursday, rising 4.66 percent. Torrent Power opened at the same price on Friday. After that, the price reached ₹1,523.

Muthoot Finance: This company's shares closed at ₹3,244 on Thursday, rising 2.53 percent. On Friday too, this share's price touched ₹3,340. The price of this stock is rising in a down market.

{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}