Kaynes Technology among 5 stocks closing above VWAP, signalling bullish shift
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Bullish shift
On December 19, the closing prices of five stocks in the Nifty 500 pack rallied by over 1.5% relative to their VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to Stockedge.com’s technical scan data.
When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors, potentially indicating positive sentiment in the market.
When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors, potentially indicating positive sentiment in the market.
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Transformers & Rectifiers
VWAP: Rs 288.66 | LTP: Rs 293.95
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Kaynes Technology India
VWAP: Rs 4,110.25 | LTP: Rs 4,185
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Himadri Speciality Chemical
VWAP: Rs 470.71 | LTP: Rs 478.35
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VWAP: Rs 1,156.98 | LTP: Rs 1,175.3
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VWAP: Rs 1,205.75 | LTP: Rs 1,224.6