On January 13, five stocks from the Nifty500 universe closed more than 1% above their respective VWAPs (Volume Weighted Average Price). According to StockEdge.com’s technical scan data, a move above the VWAP indicates a potential bullish trend.
When a stock’s closing price moves above its VWAP, it indicates that the price closed higher than the average price at which it traded during the session, with the average weighted by trading volume. This is commonly viewed by traders and investors as a potential bullish signal, as it may reflect positive market sentiment.