On December 22, the closing prices of four stocks from the Nifty 500 pack fell more than 1.5% below the VWAP (Volume Weighted Average Price). A move below the VWAP suggests a potential bearish trend, according to StockEdge.com’s technical scan data.
When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This can be seen as a potential indication of increased selling pressure.