Pine Labs among 4 stocks that closed crossing below VWAP
1/5
Selling Pressure Builds
On July 29, the closing prices of four Nifty500 stocks dropped over 1.5% relative to the VWAP (Volume Weighted Average Price), and a shift 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 indicate increased selling pressure.
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 indicate increased selling pressure.
2/5
The Jammu & Kashmir Bank
VWAP: Rs 160.78 | LTP: Rs 154.63
3/5
Pine Labs
VWAP: Rs 148.14 | LTP: Rs 144.64
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4/5
Schneider Electric Infrastructure
VWAP: Rs 1299.77 | LTP: Rs 1280.9
5/5
Granules India
VWAP: Rs 853.84 | LTP: Rs 841.85