On September 2, the closing prices of seven stocks from the Nifty200 index dropped over 1% relative to their VWAP (Volume Weighted Average Price). A shift below the VWAP suggests a potential bearish trend, according to technical scan data from StockEdge.com.
When the closing price falls below the VWAP, it indicates that the stock closed lower than the average price at which it was traded during the day, with the average weighted by trading volume. This is often interpreted as a sign of increased selling pressure.