On October 24, the closing prices of five stocks in the Nifty500 pack rallied over 1% above their VWAP (Volume Weighted Average Price), with a move above VWAP indicating a potential bullish trend, according to technical scan data from StockEdge.com.
When the closing price rises above the VWAP, it means the stock closed higher than the average price at which it was traded during the day, with that average weighted by trading volume. Traders and investors often interpret this as a bullish signal, reflecting positive market sentiment.
Stocks showing VWAP crossover signals: