JBM Auto, Tejas Networks among 5 stocks close below VWAP
1/6
Bearish Signal
On March 19, the closing prices of five Nifty500 stocks dropped over 2% 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.
2/6
Tejas Networks
VWAP: Rs 443.63 | LTP: Rs 432.3
3/6
BEML
VWAP: Rs 1532.23 | LTP: Rs 1500.8
Amazon Top Deals
POWERED BY
Crompton Ozone 75 Litres Desert Air Cooler for home | Large & Easy Clean Ice Chamber | 4-Way Air Deflection | High Density Honeycomb Pads | Everlast Pump | Auto Fill| 3 Year Brand Warranty
₹9,798Buy Now43%
OFF
LG 32 L Convection Microwave Oven (MC3286BRUM, Black, 360° Motorised Rotisserie for Bar-be-queing, 301 Auto Cook Menu, Stainless steel cavity, Indian Cuisine, Tandoor Se, Steam Clean & Diet Fry)
₹19,340Buy Now19%
OFF
4/6
JBM Auto
VWAP: Rs 560.25 | LTP: Rs 548.95
5/6
Thermax
VWAP: Rs 3303.64 | LTP: Rs 3237.4
6/6
KSB
VWAP: Rs 815.81 | LTP: Rs 799.85