On November 28, the closing prices of five stocks in the Nifty500 pack rallied over 1.2% relative to their VWAP (Volume-Weighted Average Price). A move above the VWAP suggests a potential bullish trend, according to technical scan data from StockEdge.
When the closing price rises above the VWAP, it indicates that the stock closed higher than the average price at which it was traded throughout the day, with the average weighted by trading volume. This is often interpreted by traders and investors as a bullish signal, potentially indicating strengthening market sentiment.