BSE, SBI among 5 stocks closing below VWAP
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Bearish Break
On March 27, the closing prices of five stocks from the Nifty 200 dropped over 1% 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 be seen as a potential indication of 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 be seen as a potential indication of increased selling pressure.
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BSE
VWAP: Rs 2,824.46 | LTP: Rs 2,779.8
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Indian Renewable Energy Development Agency
VWAP: Rs 116.02 | LTP: Rs 114.31
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Coforge
VWAP: Rs 1,159.16 | LTP: Rs 1,144.7
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State Bank Of India
VWAP: Rs 1,032.18 | LTP: Rs 1,019.5
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One97 Communications
VWAP: Rs 1,020.43 | LTP: Rs 1,008.8