On October 7, the closing prices of seven stocks in the Nifty500 pack rose over 1% above their VWAP (Volume Weighted Average Price), indicating a potential bullish trend, according to StockEdge.com technical scan data.
A closing price above the VWAP means the stock ended the day higher than the average price at which it traded, weighted by volume. Traders and investors often interpret this as a bullish signal, suggesting positive market sentiment.