On January 8, the closing prices of four stocks from the Nifty500 fell more than 2.5% below their respective VWAPs (Volume Weighted Average Price), indicating potential bearish momentum, according to StockEdge’s technical scan data.
When a stock closes below its VWAP, it means the closing price is lower than the average price at which the stock traded during the session, with the average weighted by trading volume. This is often interpreted as a sign of increased selling pressure.