Aurobindo Pharma among 5 stocks that closed above VWAP, signaling bullish shift
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Trend Watch
On January 1, the closing prices of five stocks in the Nifty500 pack rallied more than 1% above their VWAP (Volume Weighted Average Price), according to technical scan data from StockEdge.com. A move above the VWAP is often seen as a potential bullish signal.
When a stock closes above its VWAP, it indicates that the closing price is higher than the average price at which it traded during the day, with the average weighted by trading volume. This is commonly interpreted by traders and investors as a sign of positive market sentiment and strengthening momentum.
When a stock closes above its VWAP, it indicates that the closing price is higher than the average price at which it traded during the day, with the average weighted by trading volume. This is commonly interpreted by traders and investors as a sign of positive market sentiment and strengthening momentum.
2/6
Aditya Birla Sun Life AMC
VWAP: Rs 831.76 | LTP: Rs 843.4
3/6
Bharat Dynamics
VWAP: Rs 1,465.42 | LTP: Rs 1,481.5
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4/6
UPL
VWAP: Rs 797.04 | LTP: Rs 805.35e
5/6
Aurobindo Pharma
VWAP: Rs 1,181.76 | LTP: Rs 1,193
6/6
Jindal Stainless
VWAP: Rs 845.85 | LTP: Rs 853.75