On January 7, the closing prices of four stocks in the Nifty500 pack rallied over 1.5% relative to their VWAP (Volume Weighted Average Price), and a move above the VWAP suggests a potential bullish trend, according to StockEdge.com’s technical scan data.
When a stock closes above its VWAP, it indicates the price ended higher than the volume-weighted average traded during the session. This is mostly interpreted by traders as a sign of positive sentiment and strengthening buying interest.