The closing prices of eight stocks in the Nifty200 pack rallied over 0.5% relative to their VWAP (Volume Weighted Average Price) on August 18, and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com’s technical scan data.
When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.