Where the shadow is missing
A momentum candle in 04.02.01 was a long body with short shadows: a session that went one way and kept most of it. The three forms on this page are all variations on where the shadow stops.
Take the bullish case. Lakshmi opens the onion auction at ₹29.00 after a week of falling prices. That is the lowest bid of the day — the lowest of the whole day. Nobody, at any point, gets a kilo cheaper. By the bell it is ₹31.20, near the top of a ₹2.65 range.
The board has almost no lower shadow at all, because the low and the open are the same number. Buyers arrived at the first bell and never gave anyone a second chance. The old name for that is a belt hold.
Four boards, and where each one is shaven
All four are long-bodied rising sessions. What separates them is which end has a shadow on it.
Granthara's rules engine names the first three. It calls the fourth a long bullish candle and refuses the marubozu name, because its rule asks for both shadows to be inside 5% of the range.
Marubozu, and the two half-forms
Marubozu is the strict case: no meaningful shadow at either end. The open is the low, the close is the high, and every price the session visited is inside the body. You met it at 04.04.04 as the picture of a session with no hesitation in it.
The literature also names the halves. An opening marubozu has no shadow at the opening end; a closing marubozu has none at the closing end. In a rising session that means shaven bottom and shaven top respectively.
Granthara's engine names neither half. Its marubozu rule asks both shadows to be within 5% of the range, so the shaven-top board above comes back as a long bullish candle — an accurate description that declines a name it cannot justify. That is deliberate, and it is worth borrowing: a board with a twenty-paise tail on it is not the same board as one with none, and calling both a marubozu quietly loses the difference.
Every one of these names is a statement about where the shadows stop. None of them is a statement about tomorrow.
Belt hold needs the week beside it; marubozu does not
This is the one real difference between the two, and it is easy to miss.
A marubozu is a description of the board alone. Draw it anywhere, in any week, and it is still a marubozu — a session with nothing left over at the ends.
A belt hold is not. The engine will only return the name when the sessions before it were falling for a bullish belt hold, or rising for a bearish one. Without that, the same four numbers are simply a long candle that opened at its low. It is the hammer rule from 04.03.02 again: the shape is on the board, and the name comes from beside it.
The four-price doji, and what it usually means here
The last form is the limit case. Open ₹30.00, high ₹30.00, low ₹30.00, close ₹30.00. One price, all session. Drawn, it is a horizontal line with no body and no shadows — a four-price doji.
The textbooks file it under indecision, beside the other doji. On an Indian equity screen that reading is usually wrong, and the honest explanations are duller.
It normally means almost nothing traded. A thinly traded small-cap can print one trade in a session and nothing else. It also appears when a stock is locked at its price band — every bid stacked at the same number, no seller willing to meet it — which is the circuit mechanism from 01.04.03 showing up in the drawing. In neither case did buyers and sellers argue to a draw. In the second case they did not get to argue at all.
So when you find one, the first question is not what does this pattern mean. It is how much actually traded here — and that question belongs to Part 08.