On October 17, the closing prices of five stocks in the Nifty500 pack rallied over 1% above their VWAP (Volume Weighted Average Price), suggesting a potential bullish trend, according to StockEdge.com’s technical scan data.
A closing price above the VWAP indicates that the stock closed higher than the average price at which it was traded during the day, with the average weighted by trading volume. Traders and investors often interpret this as a bullish signal, reflecting positive market sentiment.